Analysis: Wall Street's crypto IPO boom may extend Bitcoin's bull run

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PANews
07-22
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PANews reported on July 22 that Matrixport stated in today's chart that one key logic behind their optimistic view of Bitcoin's trend in 2025 is that as crypto companies prepare for listing, Wall Street investment banks are also willing to help maintain Bitcoin at high levels, creating a favorable market atmosphere for the upcoming IPO. Currently, this logic is gradually being realized: multiple companies, including Circle, have submitted prospectuses, with almost new projects lining up for listing every week.

Meanwhile, stock prices of multiple crypto-related listed companies have significantly risen, further boosting market sentiment: MicroStrategy rose 47%, Coinbase rose 67%, Robinhood rose 180%, and Circle rose as high as 597%. Investors continue to profit, and market attention and enthusiasm for crypto companies' IPOs are rapidly heating up. This momentum is expected to extend the current Bitcoin bull market cycle.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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