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Gary

Cryptocurrency trading firm QCP Capital has predicted that Bitcoin could reach all-time highs following the upcoming US unemployment claims report and next week's Consumer Price Index (CPI) release.
“A lower-than-expected unemployment claims report tonight and CPI release next week could trigger a new all-time high for BTC,” QCP Capital analysts wrote today. They also noted the significant spot Bitcoin ETF inflows and buying orders of $488.1 million on Wednesday.
QCP Capital suggested such a rally could gain momentum as the market prices in potential rate cuts. The Bank of Canada on Wednesday became the first major central bank to cut interest rates by a quarter point this year to 4.75%. The European Central Bank also reduced interest rates by the same amount to 4.25% later today.
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QCP Capital said they expect Ethereum to continue to lag in the short term, noting SEC Chairman Gary Gensler's comments in an interview with CNBC yesterday that Ethereum ETF S-1 approvals “will take some time.” However, analysts expect ETH to eventually outperform Bitcoin once ETFs begin trading.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/analysis-company-announced-focus-on-this-development-next-week-for-bitcoins-all-time-record/" rel="noopener noreferrer nofollow">Analysis Company Announced: “Focus On This Development Next Week For Bitcoin’s All-Time Record”</a>

Analysis Company Announced: “Focus On This Development Next Week For Bitcoin’s All-Time Record”

Bitcoin Sistemi EN

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