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Matrixport: Even if a Bitcoin spot ETF fails to be approved, the cryptocurrency market will continue to rise further in 2024.
According to a report by BlockBeats on December 14th, Matrixport analyst Markus Thielen predicts that the cryptocurrency market will continue to rise by 2024, even if a spot Bitcoin ETF does not receive approval from the US Securities and Exchange Commission. The increase in liquidity, the Bitcoin halving event, and the possibility of Trump being re-elected all provide further catalysts for the cryptocurrency market to rise.
Thielen stated that since the pandemic, the assets under management of US money market funds have increased from $3 trillion to $6.1 trillion, meaning that the interest paid annually is approximately $370 billion, equivalent to about $1 billion per day. This money can easily flow into riskier investments such as stocks and cryptocurrencies.
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$4 Trillion Cryptocurrency Market Cap Just Getting Started
1. US Bitcoin spot ETF has a net inflow of $105.1 million for 15 consecutive trading days
2. MATIC, SAFE, and LDO are at the top of Smart Money's 24-hour inflow list
3. Rune tokens generally rose, and LOBO•THE•WOLF•PUP rose by more than 41% in 24 hours
4. The gap between Base network and OP Mainnet TVL narrowed to $40 million
5. Funding rate shows that futures traders expect Bitcoin to continue to rise
GM! A list of important crypto industry news from last night and this morning on April 30
On-Chain Activity
7h ago
24H Important News
2026-10-28
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