Cryptocurrency trading firm QCP Capital made statements regarding the current situation of the market.
QCP Capital analysts March 12 In his published posts, he analyzed the current situation of the cryptocurrency market. The general trend in the cryptocurrency market positive Analysts state that it is in the direction of Volume for Bitcoin He said he supports this.
Analysts say Bitcoin exceeding the market value of silver real “Digital GoldHe stated that he is one step closer to becoming one.
On the other hand, it will be announced on March 12 US Consumer Price Index (CPI) data and next week’s FOMC of the meeting While it was stated that it could lead to short-term declines, it was predicted that these declines would be strongly purchased by investors.
As for Ethereum, the US spot Ethereum exchange traded funds (ETF) It was emphasized that the decreasing probability of approval next May may have negative effects or at least weaken the positive expectation:
The 1-2 month exposure on ETH has dropped from positive to -5% as the market begins to price in a relatively low (35%) probability that spot ETH ETFs will be approved by the May/June deadline. Things are less optimistic for Ethereum.