QCP Capital: Market volatility will remain low during the summer
Odaily-Newsflash2024/06/14 07:16
By:Odaily-Newsflash
Odaily News QCP Capital published an analysis in the Telegram channel, saying: Despite strong momentum in the stock
market, BTC is still struggling to recover after the Federal Open Market Committee (FOMC) meeting. Why is there such a divergence? We think this is because BTC miners are experiencing a post-halving collapse, which directly suppresses prices. Flowbank, one of the banks with a three-party agreement with Binance, is also facing bankruptcy proceedings. We will usher in a quiet summer with low volatility and no catalysts that can drive the market. We dont think ETH will make a big move immediately, and Gensler expects the approval of the spot ETH ETF to take place in late summer.
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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.
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