BITCOIN IGNORES THE MARKET STORM AND TAKES ITS OWN PATH.
Fresh data has come out from QCP analysts, and there’s plenty to think about. Imagine this: the yield on 30-year U.S. government bonds rose to 5.62%, while the 10-year yield climbed to 5.29%. Real interest rates for September increased noticeably, and gold dropped by 8.5%. By all the rules of traditional economics, crypto should have gone down.
But Bitcoin simply ignored this negativity and delivered solid growth. From the September lows, it’s up 14.6%, and locally it pushed toward $86,913. At QCP, they explain this behavior with strong inflows into spot ETFs. Just in August, $3.5 billion went in, and in September another $2.6 billion was added. Large capital keeps buying up the market, and these inflows fully offset any macroeconomic risks.
$BTC
Fresh data has come out from QCP analysts, and there’s plenty to think about. Imagine this: the yield on 30-year U.S. government bonds rose to 5.62%, while the 10-year yield climbed to 5.29%. Real interest rates for September increased noticeably, and gold dropped by 8.5%. By all the rules of traditional economics, crypto should have gone down.
But Bitcoin simply ignored this negativity and delivered solid growth. From the September lows, it’s up 14.6%, and locally it pushed toward $86,913. At QCP, they explain this behavior with strong inflows into spot ETFs. Just in August, $3.5 billion went in, and in September another $2.6 billion was added. Large capital keeps buying up the market, and these inflows fully offset any macroeconomic risks.
$BTC