Matrixport Sees Potential In Bitcoin Purchases During Downturn

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Matrixport, a crypto service provider overseeing over $3 billion in assets, has expressed moderate optimism toward Bitcoin (CRYPTO: BTC) following its decline in August. The company sees potential in purchasing during this downturn but emphasizes the importance of a strict stop loss. On Aug. 15, Bitcoin experienced a significant drop of more than 10%, reaching a previous resistance level, now turned support, of $25,000. Also Read:’Give Up Serving US Customers For Now’: Crypto Exchange Founder Sparks Debate On Strategy Since that time, it has hovered around the $26,000 mark, leading many in the…

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