Bitcoin
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$67,157.00 6.90643
Bitcoin price
Ethereum
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$3,572.01 2.74433
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BNB
BNB (BNB)
$416.92 0.29838
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$129.69 -0.31878
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$0.6520290 3.71471
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$0.0000333 46.69256
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$0.0000073 26.87599
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$0.0000384 50.26538
Bonk price
Bitcoin
Bitcoin (BTC)
$67,157.00 6.90643
Bitcoin price
Ethereum
Ethereum (ETH)
$3,572.01 2.74433
Ethereum price
BNB
BNB (BNB)
$416.92 0.29838
BNB price
Solana
Solana (SOL)
$129.69 -0.31878
Solana price
XRP
XRP (XRP)
$0.6520290 3.71471
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000333 46.69256
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000073 26.87599
Pepe price
Bonk
Bonk (BONK)
$0.0000384 50.26538
Bonk price
Bitcoin
Bitcoin (BTC)
$67,157.00 6.90643
Bitcoin price
Ethereum
Ethereum (ETH)
$3,572.01 2.74433
Ethereum price
BNB
BNB (BNB)
$416.92 0.29838
BNB price
Solana
Solana (SOL)
$129.69 -0.31878
Solana price
XRP
XRP (XRP)
$0.6520290 3.71471
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000333 46.69256
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000073 26.87599
Pepe price
Bonk
Bonk (BONK)
$0.0000384 50.26538
Bonk price
Bitcoin
Bitcoin (BTC)
$67,157.00 6.90643
Bitcoin price
Ethereum
Ethereum (ETH)
$3,572.01 2.74433
Ethereum price
BNB
BNB (BNB)
$416.92 0.29838
BNB price
Solana
Solana (SOL)
$129.69 -0.31878
Solana price
XRP
XRP (XRP)
$0.6520290 3.71471
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000333 46.69256
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000073 26.87599
Pepe price
Bonk
Bonk (BONK)
$0.0000384 50.26538
Bonk price

QCP Capital: Bitcoin’s path to $69k hinges on post-ETF volume

qcp-capital-bitcoins-path-to-69k-hinges-on-post-etf-volume
Edited by
Markets
QCP Capital: Bitcoin’s path to $69k hinges on post-ETF volume

QCP Capital attributes Bitcoin’s price surge primarily to developments surrounding the much-anticipated spot ETF.

The cryptocurrency market is witnessing another dramatic surge in Bitcoin prices, with a remarkable 15% increase since the start of December. This uptick contributes to a significant 158% gain year-to-date for the leading token. 

The catalyst for this latest surge was the SEC’s announcement on Dec. 1, stating that Jan. 5 would be the final deadline for rebuttal comments on spot ETFs. This timeline sets up the following week for probable approval, a development eagerly awaited by market participants.

QCP Capital had speculated in a previous update that the SEC might approve the first spot ETF on Jan. 3 to coincide with the 15th anniversary of the Bitcoin genesis block. 

As Bitcoin hovers close to $45,000, questions arise about how much of this news has already been factored into the current prices. According to QCP Capital, the future trajectory, including the possibility of revisiting the all-time high of $69,000, largely hinges on the real market impact of the ETFs post-launch.

The firm cautions about the potential for a classic “sell-the-news” scenario if the ETFs do not bring substantial new flows.

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