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Mai le Bullish i le Bearish, Bitcoin Pa'u Sili atu i le 6% I le lotolotoi o Lipoti Fete'ena'i a Matrixport
Matrixport, a crypto financial services platform, has recently made headlines with the release of two conflicting articles on January 2nd about the future of Bitcoin (BTC). The first publication, radiating optimism, projected that Bitcoin’s price could siitia i le $50,000 in January, spurred by the potential approval of Bitcoin spot exchange-traded funds (ETFs).
O lenei bullish tulaga was further grounded by disclosing a possible announcement that could happen on January 8th, 9th, or 10th.
Ole suiga fa'afuase'i a le Matrixport: Ose lagona fa'amata'u ma fa'asolo ai le fa'atatauga
Matrixport’s initial bullish report highlighted the transformative impact a Bitcoin spot ETF approval could have on the crypto market. The anticipated approval is seen as a “pivotal” moment that would “legitimize” Bitcoin in the eyes of institutional investors and potentially unlock a significant influx of capital into the crypto market.
This sentiment echoed the growing optimism within the crypto community, with many stakeholders eagerly awaiting regulatory endorsements that could catalyze Bitcoin’s ascent.
However, in a surprising twist, Matrixport released a second article later the same day faaulutalaina “Aisea o le a TETE'E ai le SEC Bitcoin Spot ETFs again.” This piece presented a starkly bearish perspective, contrasting their earlier optimistic forecast.
The article emphasized the political composition of the US Securities and Exchange Commission (SEC), noting that the current Democratic dominance and Chair Gary Gensler’s cautious stance towards crypto might “diminish the likelihood of a fa'atagaina ETF. "
The report argued that such approval would validate Bitcoin as an alternative store of value, a move Gensler “might not be ready to make.”
Na taʻua e le kamupani i le tala bearish:
An ETF would certainly enable crypto overall to take off, and based on Gensler’s comments in December 2023, he still sees this industry in need of more stringent compliance. From a political perspective, there is no reason to approve a bitcoin spot ETF that would legitimize Bitcoin e fai ma isi faleoloa o tau.
Bitcoin Plunge And Crypto Community Reaction
Matrixport’s bearish outlook had immediate repercussions in the crypto market. Bitcoin iloa a iloga le pa'u, shedding around 6% of its value and slipping below the $43,000 mark.
This downturn wasn’t isolated to Bitcoin alone; Ethereum and other altcoins also saw significant drops, with Solana plummeting by nearly 10%. Faʻamatalaga from Coinalyze indicated over $400 million in altcoin liquidations, with long positions bearing the brunt of this market shift.
Ole aofa'iga tele ole maketi ole mea na tupu talu mai le alu i luga mai le 25k na amata ia Aukuso.
Alts liq mea aupito sili ona tele i le 2 tausaga.
Aumai ia oe e le Matrixport intern. pic.twitter.com/4z71FbkUfB
- Hsaka (@HsakaTrades) Ianuari 3, 2024
The publication of these contrasting articles by Matrixport ignited a wave of controversy within the crypto community. Some observers pointed to Matrixport’s founder, Jihan Wu, a prominent Bitcoin Cash supporter, leading to speculations about the firm’s intentions.
This is the guy who founded Matrixport, a supporter of Bitcoin Tupe.
Afai e talitonu se tasi i soʻo se mea e faʻasalalau e Matrixport, e iai laʻu alalaupapa e faʻatau atu ia te oe. pic.twitter.com/cxaxSOcDx7
- James Van Straten (@jimmyvs24) Ianuari 3, 2024
This revelation sparked heated discussion, with many faapea that Matrixport’s actions were driven by market manipulation motives, especially in light of the market turbulence that followed the viral articles.
Despite the current market condition, as always, some are still bullish, while some even refuse to believe MatrixPort was the cause of this market downturn. Mike Alfred, an investor serving as a board member of BTC miner Iris Energy, already shared his bullish take, noting, “Big money isn’t buying this.”
Tulaga pito i luga Bitcoin miners have shaken off the Matrixport market manipulation and have gone green or moved back towards breakeven. Big money isn’t buying this.
- mike alfred (@mimelfred) Ianuari 3, 2024
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Punavai autu: NewsBTC