Bitcoin (BTC) Price Breakout ‘Imminent’ as Polygon’s MATIC, Chainlink’s LINK Lead Altcoin Gains

Blockonomics
Bitcoin's price is coiled at around $35,500 (Matrixport)
Coinbase

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Crypto investment services firm Matrixport noted in a Wednesday report that bitcoin’s breakout above $36,000 is “imminent,” fueled by consistent BTC purchases during U.S. trading hours. This is coupled with a more accommodating macroeconomic environment for risk assets, with dovish Federal Reserve messaging, retreating bond yields and the U.S. Treasury Department slowing the pace of long-term debt issuance, the firm added.

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