Institutional Demand Rises, but What’s Holding Bitcoin Back? QCP Capital Weighs In 

QCP Capital’s weekend brief delves into a volatile week for bitcoin, which saw a peak in price that couldn’t hold and a sharp decline amid renewed regulatory concerns. Bitcoin’s Price Stumbles at Key Level: QCP Capital Explains Why It Matters Now Analysts at QCP Capital observe a pattern of consolidation in bitcoin as institutional demand … Read more

Crypto Industry Holds Its Breath as US Election Debate Fails to Clarify Economic Policy

After the first election debate, QCP Capital shared its perspective on how the U.S. election could influence the cryptocurrency market. According to the firm, investors remain cautious as their attention shifts to key macroeconomic indicators and the upcoming election decision. The CEO of Chirp, a decentralized telecommunications network, echoed this sentiment, noting that while the … Read more

Fidelity Digital Assets Study: Bitcoin’s Volatility Declines as It Grows, Echoing Historical Asset Trends

A new study by Fidelity Digital Assets reveals that as bitcoin matures, its volatility is decreasing, making it less volatile than several S&P 500 stocks. “As the asset class matures and its total market cap grows, the inflow of capital is expected to have a smaller impact because it will be flowing into a larger … Read more

Kenyan Central Bank Says It’s ‘Craziness’ to Convert Country’s Reserves to Bitcoin

The Kenyan central bank governor Patrick Njoroge has described as “craziness” the calls to convert Kenya’s reserves into bitcoin. He added that he would have to be out of his mind before agreeing to this. Njoroge argued that cryptocurrencies like bitcoin are not only volatile, but are hardly solving any problem. CBK Governor Says Converting … Read more