Odaily Planet Daily News QCP Capital said in its latest market analysis that since the beginning of last week, stock and gold prices have been rising, but cryptocurrency prices have gone in the opposite direction. Cryptocurrency prices saw a significant gap during the July 4th U.S. holiday, before finding support when U.S. markets returned (Bitcoin spot ETF saw over $143 million in net inflows). Liquidity in the cryptocurrency market was thin over the weekend, with Bitcoin prices swinging wildly, with the trading range widening to $53,500 to $58,500, signaling increased uncertainty in the market. According to analysts, this may mean that wider fluctuations in cryptocurrency due to insufficient liquidity during non-U.S. trading hours will become the new normal, or it may simply be a summer-specific phenomenon, that is, the current market lacks a strong narrative and is affected by Bitcoin spot Large-scale ETF flows.
