PANews reported on October 29 that Matrixport released its latest report, saying: "Bitcoin has broken through the $70,000 mark, reaching our year-end target set at the beginning of 2024. According to the latest "Matrix on Target" report, we expect Bitcoin prices to rise further before the end of the year. The US presidential election may become a positive market catalyst, coupled with strong investor demand for Bitcoin spot ETFs, which will further push up Bitcoin prices. As more and more long investors disclose their Bitcoin spot ETF holdings in the upcoming 13F filings, this may inject more momentum into the year-end Bitcoin rebound."