QCP Capital: Multiple catalysts boost BTC's rise, and we still maintain a medium-term bullish view
QCP Capital posted on its official channel that despite Bitcoin falling to $54,000 and altcoins dropping 30%, causing panic in the market, the institution still maintains a bullish outlook in the mid-term. The positive factors it cites include:· Powell's dovish stance, with the market believing there is a 100% chance of a rate cut in September· The end of Germany's government sell-off· The launch of an ETH spot ETF is almost certain· Trump's appointment of J.D. Vance as Vice President
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget adjusts the maximum leverage for spot cross margin trading to 5x
Bitget adjusts the maximum leverage for spot cross margin trading to 5x
Bitget adjusts the collateral ratios for cross spot margin trading pairs
MONUSDT now launched for futures trading and trading bots
