#BTCđ„đ„#EFT QCP: Macros Forces And Not Spot Bitcoin ETF Led to Recent BTC Price Rally, Will It Continue?
The dovish stand from the FOMC followed by a decline in bond yields and a simultaneous rise in risk assets led to Bitcoin price rally.
The crypto community has been celebrating Bitcoinâs phenomenal rally to $35,000 last month, with many cheering up for the spot Bitcoin ETF approval. However, QCP Capital believes that the actual reason behind the Bitcoin price rally was the macro forces.