TechFlow news, October 29 — Matrixport released a new report showing Bitcoin has broken through the $70,000 mark, reaching its year-end target set at the beginning of 2024. Bitcoin prices may rise further before year-end. The U.S. presidential election could serve as a positive market catalyst, coupled with strong investor demand for spot Bitcoin ETFs, which may further drive up Bitcoin's price. As more bullish investors disclose their spot Bitcoin ETF holdings in upcoming 13F filings, this could add additional momentum to Bitcoin's year-end rally.
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