Will Bitcoin Rise Continue: QCP Capital Examines Trump, FED and ETF Impact

Cryptocurrency research firm QCP Capital presented a report on the rises in the cryptocurrency market.

QCP Capital talked about the current situation of the cryptocurrency market in its report dated July 15

It was emphasized that the aggressive Bitcoin purchases seen on the Coinbase exchange after the unsuccessful assassination attempt against Donald Trump ensured the continuation of the rise:

The failed assassination attempt on Donald Trump at the beginning of the weekend triggered a rise in crypto prices. The buying appetite in the market continued to rise with the aggressive Bitcoin purchase on Coinbase.

It was noted that the increasing expectation that pro-cryptocurrency Donald Trump will win the upcoming elections and the satisfactory statements of the US Federal Reserve (FED) regarding the interest rate cut may indicate the continuation of the rise in the market.

However, while the German government's sales pressure is over, it has been reported that Mt.Gox still poses a threat.

The continuation of the rise depends on these factors

Analysts, who believe that the market may be on the verge of a serious rise, pointed out that some actors are still buying bearish options.

However, it was predicted that positive inflows into spot Bitcoin ETFs and the spot Ethereum ETF launch, which is expected to take place soon, would be priced positively by the market.

Analysts conveyed their medium-term upward expectations with the following sentences:

The question is whether this rise will continue. We have started to see some institutional players trying to hedge the downside of the rally by taking recent short positions. Perhaps the US will weaken this move instead. Given the continued massive demand from spot Bitcoin ETF inflows, as well as the upcoming Ethereum spot ETF launch as a catalyst, we maintain our bullish medium-term view. we protect

Stay tuned