Bitcoin
Bitcoin (BTC)
$65,409.00 -0.97823
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$3,337.06 -4.16749
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BNB
BNB (BNB)
$573.47 -1.5616
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$177.51 2.16058
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Bitcoin (BTC)
$65,409.00 -0.97823
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Ethereum
Ethereum (ETH)
$3,337.06 -4.16749
Ethereum price
BNB
BNB (BNB)
$573.47 -1.5616
BNB price
Solana
Solana (SOL)
$177.51 2.16058
Solana price
XRP
XRP (XRP)
$0.6184540 3.38771
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000168 -2.0538
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Pepe
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$0.0000122 -3.46075
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Bonk
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$0.0000273 -3.84207
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Bitcoin
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$65,409.00 -0.97823
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$3,337.06 -4.16749
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BNB
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$573.47 -1.5616
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Solana
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$177.51 2.16058
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XRP
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$0.6184540 3.38771
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Shiba Inu
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Shiba Inu price
Pepe
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$0.0000122 -3.46075
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Bonk
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$0.0000273 -3.84207
Bonk price
Bitcoin
Bitcoin (BTC)
$65,409.00 -0.97823
Bitcoin price
Ethereum
Ethereum (ETH)
$3,337.06 -4.16749
Ethereum price
BNB
BNB (BNB)
$573.47 -1.5616
BNB price
Solana
Solana (SOL)
$177.51 2.16058
Solana price
XRP
XRP (XRP)
$0.6184540 3.38771
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000168 -2.0538
Shiba Inu price
Pepe
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$0.0000122 -3.46075
Pepe price
Bonk
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$0.0000273 -3.84207
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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.