-
Bitcoin Bulls Should 'Stay The Course' Ahead Of Federal Reserve Meeting, Says QCP Capital
Wednesday, December 18, 2024 - 11:25am | 552QCP Capital has issued a cautious outlook for markets ahead of the Federal Reserve's final meeting of 2024, citing potential volatility amid decreasing liquidity and technical signals for Bitcoin (CRYPTO: BTC). The firm also noted growing optimism for crypto in 2025, fueled in part by speculation...
-
$61,000 Is Bitcoin' Line In The Sand For ETF Demand To Remain Steady, Says Analyst
Monday, November 4, 2024 - 10:29am | 593CryptoQuant founder and CEO Ki Young Ju, on Monday highlighted that demand for Bitcoin spot ETFs has been robust, with significant net inflows at price levels above $61,000. What Happened: According to Young Ju, the sustainability of this trend hinges on Bitcoin (CRYPTO: BTC) maintaining its price...
-
Trump Or Harris Win, US Presidential Election Is A Win-Win For The Crypto Market: QCP Capital
Thursday, September 26, 2024 - 7:52am | 575The U.S. presidential election could act as a catalyst for the crypto market, and as both candidates have expressed their support for digital assets, a win for either of the candidates may be a win for the crypto market, according to QCP Capital. What Happened: Cryptocurrency markets continue to...
-
Bitcoin, Ethereum ETFs See Over $50M Net Outflows Despite Fed's 50 Bps Rate Cut
Thursday, September 19, 2024 - 8:20am | 532Bitcoin and Ethereum ETFs recorded significant net outflows, despite the U.S. Federal Reserve's announcement of a 50 basis point rate cut. What Happened: Bitcoin (CRYPTO: BTC) spot ETFs had a net outflow of $52.827 million, the first outflow after four days of inflows. Grayscale's Bitcoin ETF (OTC:...
-
Bitcoin Back To $57K, But Monday's ETF Inflows Don't Drag It Out Of Bearish Territory, Analysts Say
Tuesday, September 10, 2024 - 9:28am | 706Bitcoin (CRYPTO: BTC) spot ETFs recorded a total net inflow of $28.72 million on Sep. 9, while Ethereum (CRYPTO: ETH) spot ETFs continued their streak of outflows. What Happened: The Bitcoin ETF market saw mixed performance among its top players. While Grayscale‘s (OTC:GBTC) experienced an...
-
Bitcoin Looking Bearish While Equities Are At All-Time Highs: What Gives?
Monday, August 19, 2024 - 12:13pm | 588In a stark contrast to the buoyant mood in traditional equity markets, the sentiment in the cryptocurrency market has turned notably bearish, according to a new report. What Happened: According to QCP Capital, while U.S. equities are enjoying all-time highs and Asian markets are largely in the...
-
How Bitcoin, Ethereum ETFs Digest The Crash Which Gave Traditional Finance 'A Taste Of A Regular Day In Crypto'
Wednesday, August 7, 2024 - 7:55am | 617In a week marked by significant market turbulence, the cryptocurrency exchange-traded fund (ETF) landscape experienced divergent trends on Aug. 6, with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot ETFs moving in opposite directions. What Happened: This movement comes against a backdrop of...
-
Bitcoin Continues Sideways Despite $21M ETF Inflow On Wednesday
Thursday, June 27, 2024 - 6:51am | 551Bitcoin spot ETFs reported a total net inflow of $21.5187 million on June 26, but inflow did not manage to erase underlying anxieties within the cryptocurrency market. What Happened: According to data from SoSo Value, the Fidelity ETF (BATS:FBTC) saw a significant single-day inflow of $18.6093...
-
Bitcoin Breaks Above $54,000, Reaches Highest Price Since November 2021: Can It Last?
Monday, February 26, 2024 - 4:34pm | 594Bitcoin's (CRYPTO: BTC) value soared past $54,000 on Monday, marking its highest point since November 2021 and breaking free from its recent trading stagnation. This surge propels the cryptocurrency market into a renewed rally, with significant movements observed across the board. What...
-
Bitcoin Dips Below $45,000 On ETF Approval False Start: 'There May Not Be A Huge Rally,' Warns Trading Firm
Wednesday, January 10, 2024 - 11:31am | 578A whirlwind of speculation and conflicting information surrounded the potential approval of a spot Bitcoin (CRYPTO: BTC) ETF this week, ultimately culminating in a muted market reaction that has analysts questioning the potential impact of this long-awaited regulatory milestone. The drama...
-
With The Launch Of The Spot Bitcoin ETF Just Three Weeks Away, Will It Be A Boom Or A Bust?
Saturday, December 23, 2023 - 11:02am | 576The long-awaited spot Bitcoin (CRYPTO: BTC) ETF launch is just around the corner, throwing the cryptocurrency market into a fever pitch of anticipation and strategic planning. According to digital asset trading firm QCP Capital, the moment of truth could arrive as early as the...
-
Bitcoin's Fate Rests On ETF Approval: Will It Lead To An All-Time High Or A Sell-The-News Plunge?
Thursday, December 7, 2023 - 10:25am | 433Bitcoin (CRYPTO: BTC) has seen its value increase by 15% since the start of the month. This uptick is closely tied to the progress surrounding spot Exchange-Traded Funds (ETFs). The cryptocurrency's all-time high depends on the real flows that the actual ETF will bring. Otherwise, it may...
-
Bitcoin Climbs On Mt. Gox Rumors; Trading Firm Expects Imminent Drop To $22K
Tuesday, September 19, 2023 - 2:22pm | 584Bitcoin (CRYPTO: BTC) has experienced a 5% surge in its price over the past week, a rise attributed to speculations about a potential postponement of Mt. Gox's repayments until 2024, according to a report. Although crypto trading firm QCP Capital still expects Bitcoin to fall to $22,000 in...
-
Bitcoin Crash Amid SpaceX Pull-Out Echoes 'Elon-Driven Tops And Bottoms,' Says Expert: 'Hope … Market Will Not Revert To Those Times'
Saturday, August 19, 2023 - 7:30am | 711In a stark reminder of past market turbulence, Bitcoin’s (CRYPTO: BTC) recent crash coinciding with SpaceX’s alleged unexpected pull-out has experts cautioning against a return to the volatility witnessed during the “Elon-driven tops and...