QCP Capital: Bitcoin Rallies Above $60,000 as Ether Struggles
Bitcoin (BTC) has shown remarkable resilience, recovering quickly from Monday's sharp decline to maintain its position above $60,000, according to a weekend briefing from QCP Capital, which highlights Bitcoin's increasing integration into the mainstream macro-capital markets, which reinforces the narrative of it as digital gold. In contrast, the firm highlights a major shift in the liquidity of ethereum (ETH), raising concerns about its current market position.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Opinion: Cryptocurrency Index ETFs Will Lead the Next Wave of Adoption
Data: 567.26 BTC flowed into a certain exchange, valued at approximately $541 millions.
A certain whale deposited 44,000 ETH worth $140.2 millions into an exchange.