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Matrixport Co-founder Warns of Market Sentiment, Predicts 15% Correction by April

Matrixport co-founder Daniel Yan issues a cautionary note on the current market sentiment, warning of potential risks ahead and predicting a 15% correction by April. He highlights concerns about market euphoria and advises investors to remain cautious, particularly in light of upcoming macroeconomic events in March.

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Bitcoin logo titled: Bitcoin $50000

Bitcoin to Hit $50,000 by January, Says Matrixport

Matrixport, a leading crypto financial services platform, forecasts that Bitcoin will soar to $50,000 in the next month, driven by several positive factors. The company expects that the approval of spot Bitcoin ETFs by the U.S. regulator, the increasing institutional adoption of Bitcoin, the limited supply of the cryptocurrency, and the historical seasonal pattern will boost the price of Bitcoin to new highs. Matrixport also predicts that the crypto market will enter an altcoin season, a phase when alternative cryptocurrencies outperform Bitcoin in terms of returns. The company advises investors to diversify their portfolios with altcoins that have strong fundamentals and growth potential.

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