QCP Capital: Multiple catalysts boost BTC rise, still maintaining a medium-term bullish view
BlockBeats news, on July 17th, QCP Capital posted on its official channel that although Bitcoin had fallen to $54,000 a few days ago and altcoins also fell by 30%, the market was filled with panic. However, the institution still maintains a medium-term bullish view. They believe that current positives include:
· Powell's dovish stance, the market believes there is a 100% chance of interest rate cuts in September
· The German government has finished selling off
· The launch of ETH spot ETFs is basically a foregone conclusion
· Trump chose J.D. Vance as Vice Presiden.
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.
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