- QCP Capital maintains its bullish outlook for the cryptocurrency market on the finish of the yr.
- Rate of interest cuts by banks will result in financial easing, which is able to increase cryptocurrency costs.
- The cryptocurrency market was disenchanted by the latest assembly between Musk and President Trump.
Singapore-based digital asset agency QCP Capital has maintained a bullish outlook for the cryptocurrency market on the finish of the yr, saying world macroeconomic situations will guarantee increased costs for Bitcoin (BTC) and different cryptocurrencies within the close to future. Nevertheless, the digital asset sector is presently dealing with a downturn.
In a put up on social messaging app Telegram, QCP famous that the U.S. inventory market has returned to buying and selling at report highs as “slowing U.S. inflation is boosting market confidence.” It additionally highlighted the next:
“Continued price cuts by main central banks such because the RBNZ will reinforce the wave of world financial easing.”
Regardless of the present decline, QCP stays bullish on the long run and expects the cryptocurrency market to recuperate and check new highs by the top of the yr. On the time of writing, Bitcoin (BTC), the world's largest cryptocurrency, is buying and selling at $59,271 and has but to interrupt out of its all-time excessive.
QCP Capital: Cryptocurrencies are falling, however they're not gone. Right here's why. This text first appeared on Coin Version.
