QCP Capital Reports Bitcoin Lifted by Spot Demand—What Analysts Are Watching Next

Bitcoin (BTC) enjoyed a 2.20% boost driven by rising spot demand, briefly touching $68,000 before settling at $67,000, according to Singapore-based digital asset trading firm QCP Capital. The firm highlighted strong options activity and inflows into exchange-traded funds (ETFs), with analysts pointing to a growing wave of optimism in the market. Bitcoin Inches Toward Record … Read more

Ether ETFs Buck the Trend: How Much Did They Pull in While Bitcoin ETFs Struggled?

U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with all 12 funds experiencing outflows totaling $120.76 million. Meanwhile, the nine spot ethereum ETFs saw a different story, pulling in $3.06 million during the trading session. Bitcoin ETFs Tumble, Ether Funds Walk Away Unscathed Thursday proved challenging for bitcoin ETFs, with no gains in … Read more

US Bitcoin ETFs Soar With $192M Boost; Ethereum ETFs Record Modest Loss

The latest figures from U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) reveal another contrasting shift. Bitcoin ETFs welcomed $192.56 million in inflows, while their ethereum counterparts saw around $2.87 million in net outflows. Blackrock’s IBIT Leads Inflow Gains On Thursday, bitcoin and ether ETFs moved in opposite directions, with bitcoin funds posting gains and … Read more

Steady Above $60K: Bitcoin Weathers Government Sell-Offs, Says QCP Capital

Despite a brief dip below $60,000 on June 23, bitcoin has demonstrated formidable resilience by closing above this pivotal level for 118 days in 2024. According to QCP Capital, the cryptocurrency continues to hold strong against various market pressures, including substantial governmental sell-offs. QCP Capital Foresees Bitcoin Holding $60K Line, Despite Recent Market Pressures In … Read more