Ethereum

Donald Trump

Bitcoin

Silk Road

The latest report from cryptocurrency analytics firm QCP Capital paints a cautiously optimistic picture for the crypto market while highlighting a combination of positive macro trends and lingering concerns.
QCP Capital is highlighting improving macroeconomic sentiment, with slowing U.S. inflation and continued rate cuts by major central banks. These developments have boosted market confidence, pushing stocks to all-time highs and strengthening the global monetary easing trend, according to the firm.
Despite the positive macro environment, concerns over the US government’s key crypto assets remain. The recent transfer of 10,000 BTC linked to Silk Road to a Coinbase wallet has sparked fears of potential sell-offs, although such plans have not been confirmed. The market remains cautious of the remaining 203,239K BTC and other crypto assets under government control.
Related News: <a href="https://en.bitcoinsistemi.com/critical-development-in-bitcoin-and-ethereum-etfs-first-time-since-approvals/" target="_blank" rel="noopener noreferrer nofollow">Critical Development in Bitcoin and Ethereum ETFs: First Time Since Approvals</a>
The cryptocurrency community was left disappointed by the lack of any crypto-related discussion during the recent two-hour meeting between Donald Trump and Elon Musk. Market participants were hoping to learn about Trump’s stance on digital assets, but were left disappointed.
Despite these concerns, QCP Capital remains constructive and bullish on the crypto market, noting its resilience to the various ‘supply shock’ headlines surrounding both Bitcoin and Ethereum this week in particular. The market’s ability to rally even after Jump Crypto’s Ethereum divestment and sell-off this round is seen as a particularly encouraging sign.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/weekend-report-analytics-firm-reveals-the-latest-on-bitcoin-and-ethereum/" rel="noopener noreferrer nofollow">Weekend Report: Analytics Firm Reveals the Latest on Bitcoin and Ethereum</a>

Weekend Report: Analytics Firm Reveals the Latest on Bitcoin and Ethereum

Bitcoin Sistemi EN

Other articles published on Aug 17, 2024

Trump’s Pussy (TRUMPPUS) Solana Memecoin Will Rally 18,000% Ahead of Exchange Listings, While Shi...

Franklin Templeton Seeks 'EZPZ' Bitcoin and Ethereum ETF

Dubai Court Approves Cryptocurrency as Salary Payment

Bitcoin Funding Rates on Binance Hit Yearly Lows

Activision promises more customizable and smaller Call of Duty download files

STX Targets Breakout Above $2; Investors Throng Towards MoonBag Crypto Presale

Join our free newsletter for daily crypto updates!