Greed

Ethereum

Bitcoin

when

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/matrixport-co-founder-advises-caution-as-bitcoin-surges/" data-wpel-link="internal">Matrixport Co-Founder Advises Caution as Bitcoin Surges</a><br></p>
<p style="text-align: justify">Singapore-based cryptocurrency service provider <strong>Matrixport’s</strong> co-founder <strong>Daniel Yan</strong> issued a cautionary statement to investors as <a href="https://coin-turk.com/bitcoin-yorumlari-btc-usd-teknik-analizi-1-12-2020" data-wpel-link="internal">Bitcoin</a>‘s rise continued. The cryptocurrency surpassed the $60,000 level for the first time since 2021, hinting at a possible all-time high (ATH).</p> 
<h2 style="text-align: justify" id="statement-from-the-co-founder-of-a-renowned-company">Statement from the Co-Founder of a Renowned Company</h2> 
<p style="text-align: justify">Yan’s comments come amidst a surge in investor interest and a sense of extreme greed in the market, as indicated by the <a href="https://en.coin-turk.com/crypto-market-regains-momentum-as-investor-confidence-grows/" data-wpel-link="internal">Crypto</a> Fear &amp; Greed Index reaching a value of 82.</p> 
<p style="text-align: justify">This bullish sentiment was further strengthened by the U.S. Securities and Exchange Commission’s (SEC) approval of the <strong>BlackRock’s iShares <a href="https://en.coin-turk.com/a-closer-look-at-recent-bitcoin-price-trends-and-trading-volume/" data-wpel-link="internal">Bitcoin</a> Trust</strong>, which currently manages assets worth $7.5 billion, and other spot Bitcoin ETFs.</p> 
<p style="text-align: justify">Yan highlighted the unpredictability of the market, emphasizing the possibility of a potential correction that could reach approximately 15% by the end of April. According to Yan, March is a month full of developments.</p> 
<p style="text-align: justify">Providing examples, Yan pointed to significant events such as the Federal Reserve’s meeting, the approaching Bitcoin halving, and the <a href="https://en.coin-turk.com/ethereum-update-key-levels-to-watch/" data-wpel-link="internal">Ethereum</a> Denomination upgrade.</p> 
<p style="text-align: justify">Daniel Yan said the following:</p> 
<blockquote> 
 <p>The market sentiment has reached a level that makes me think we should be cautious – revisiting my pinned tweet about the potential size of corrections could be a good idea. I believe we need to see a healthy correction of about ~15% by the end of April.</p> 
</blockquote> 
<h2 id="img-loading-lazy-loading-lazy-decoding-async-class-aligncenter-size-full-wp-image-320959-src-https-coin-turk-com-wp-content-uploads-2024-02-matrixport-coin-turk-com-jpg-alt-width-1200-height-630"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-320959" src="https://coin-turk.com/wp-content/uploads/2024/02/matrixport-coin-turk-com.jpg" alt="" width="1200" height="630"></h2> 
<h2 style="text-align: justify" id="a-cautious-approach-from-matrixport">A Cautious Approach from Matrixport</h2> 
<p style="text-align: justify">Yan’s perspective seems to be shaped by macroeconomic events that significantly affect market sentiment and investor behavior.</p> 
<p style="text-align: justify">Despite the positive atmosphere following the SEC’s approval of spot Bitcoin ETFs, Yan’s viewpoint once again demonstrates a more careful approach amidst rapid gains and increased market activity.</p> 
<p style="text-align: justify">Matrixport is known to hold a significant place in the crypto world with its predictions from the past to the present. In January, when Bitcoin was trading at $40,800, the firm published a report expressing doubts about the approval of spot Bitcoin ETFs due to political risks.</p> 
<p style="text-align: justify">Despite the report, the subsequent approval of the ETFs created a contradiction and resulted in a significant increase in Bitcoin’s value.</p> 
<p style="text-align: justify">While all these situations are unfolding, the company continues to execute new strategies one after another. On February 26th, the company applied for a virtual asset trading license with the Hong Kong Securities and Futures Commission (SFC).</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/matrixport-co-founder-advises-caution-as-bitcoin-surges/" data-wpel-link="internal">Matrixport Co-Founder Advises Caution as Bitcoin Surges</a></h5>

Matrixport Co-Founder Advises Caution as Bitcoin Surges

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