Factors That May Bring a Fall or Rise to the Cryptocurrency Market Attract Attention!

Cryptocurrency trading firm QCP Capital evaluated the current situation of the cryptocurrency market.

QCP Capital focused on the cryptocurrency market in its May 28 post. Stating that MT.Gox's Bitcoin move pushed the market below 68 thousand dollars earlier today, analysts noted that this selling pressure may deepen by the end of the year.

On the other hand, analysts stated that the rise in US-based stocks, especially Nvidia stocks, also pushed the cryptocurrency markets up, and reminded that the spot Ethereum ETF expectation also has an obvious share at this point.

It was stated that Donald Trump's increasing support for crypto money in recent days had a positive impact on the market, and it was noted that there could be a serious money flow into the market with the approval of the spot Ethereum ETF.