Odaily News Encryption service provider Matrixport predicts that the price of Bitcoin is expected to rise to $56,000 by the end of this year. Markus Thielen, head of research and strategy at Matrixport, said in a note to clients on Thursday: “If Bitcoin rises by at least 100% so far this year, there is a 71% chance that Bitcoin will end the year higher, with an average year-end gain of 65%. Since Bitcoin tends to peak on December 18, we can call the six to seven weeks from early November to mid-December Bitcoins Santa Claus rally. (CoinDesk)