By Emir Abyazov Key highlights: Bitcoin-to-Gold ratio hits resistance that marked past BTC bottoms Gold holds near $3,600 as markets await key US inflation data Analysts see potential setup for next Bitcoin breakout cycle Bitcoin-to-gold ratio signals potential turning point Trading firm QCP Capital has highlighted a key signal in the Bitcoin-to-Gold ratio (BTC/XAU) […]
Tag: QCP
By Emir Abyazov Key highlights: $2.7B BTC sell-off tanks price after Fed speech Ethereum hits ATH, ETH/BTC crosses 0.04 Institutions rotate from BTC to ETH holdings Bitcoin drops after $2.7B sell-off, Ethereum takes the lead QCP Capital analyzed the dramatic shifts in the crypto market following Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. […]
By Emir Abyazov Trading firm QCP Capital has released a new report in which analysts note Bitcoin’s strengthening position amid growing institutional demand. The firm emphasizes that corporate purchases of the digital asset have surpassed those made through exchange-traded funds for the third consecutive quarter. According to QCP Capital, Bitcoin is showing resilience even amid […]