BRC Special Intelligence Bulletin
Block: 824,157
DTG/ICOD: 0745EST 03Jan24
Prcedence: Immediate
Controls: Public Release
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BLUF: Crypto Platform MatrixPort tweets speculation of SEC Non-Approval of all ETFs in January, BTC Price drops from $45,500 to $41,000 in minutes
---Reports---
MatrixPort is a CryptoCurrency Platform headquarted in Singapore and has daily crypto volume at over $5B. Earlier this week MatrixPort analysts posited a $50K price target for BTC based on SEC approval for all ETFs here in the US. Today at at approximately 6am EST, they tweeted a projection of rejection of all ETFs in January, causing a sharp sell-off of BTC. The USD Price went from approx $45,300 to $41,000 within minutes, bouncing back to $42,308 as for 0740EST.
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report