News View Non-AMP

Bitcoin Price (BTC) Jumps 25% in a Month; The Reason Will Surprise You!

Published by
Qadir AK

Recent data from Matrixport, a major player in crypto services, reveals a stunning 25% jump in Bitcoin’s value within the past month, primarily during U.S. trading hours.

Markus Thielen, the head of research at Matrixport, highlights the significance of this trend, linking it to the growing excitement among U.S. investors and institutions who are gearing up for a U.S.-listed spot Bitcoin Exchange-Traded Fund (ETF). This development marks a big deal in the world of cryptocurrencies.

Read all about it below.

Crypto Around the World

Although Asia boasts the largest number of crypto users, a whopping 260 million, the purchasing power of U.S. traders and institutions outshines all, demonstrating their strong influence in the crypto world.

Matrixport’s report also touches on the technical side of Bitcoin’s recent gains, pointing out the strong upward momentum that has pushed Bitcoin past the $30,000 resistance level.

Words of Caution

However, the report hints at a potential slowdown in this bullish run. It advises traders and investors to keep a close watch on market movements. The analysis suggests that Bitcoin has the potential to break the $45,000 mark by the end of the year, based on a proven investment process that has worked well this year.

Bitcoin’s Current Status

At the time of writing, Bitcoin is in a consolidation phase, trading within a contracting triangle on the 4-hour chart. A breakout from this pattern could propel the cryptocurrency beyond the $35,000 mark again, with potential resistance at $37,000 and $40,000.

On the flip side, a breakdown could test the $30,000 support, with further potential declines targeting the $28,000 level. Currently, Bitcoin is valued at $34,042.

Playing in trillions

Zooming out to the broader crypto market, the total market cap has surged past the $1.25 trillion mark. This market has witnessed an impressive 99% spike in trading volume, reaching $92 billion across various platforms. Interestingly, Bitcoin, with its 53% dominance, is outperforming even the most volatile altcoins.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

April 4, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . ADA coin price could…

April 4, 2025

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana price could reach a potential high of…

April 4, 2025

Still Under $0.03, MUTM Is Being Touted as One of the Best Low-Cost Cryptos to Buy Right Now

With crypto markets slowly regaining momentum in 2025, investors are on the lookout for promising…

April 4, 2025

Pi Network Panic: Can a Coinbase Listing Save PI Coin from More Losses?

The Pi Network, with a community of 60 million users, is in massive panic as…

April 4, 2025

Binance Coin Price Prediction 2025, 2026 – 2030: Will BNB Hit $1000?

Story Highlights Binance Coin Price Today is . The BNB price prediction anticipates a potential…

April 4, 2025