Hi Guys,
What’s Happening on the Bitcoin Front?
Meanwhile, trading firm QCP Capital suggested that crypto markets might enjoy a period of low volatility before any seismic changes occur.
In the latest edition of New York Color market updates sent to Telegram channel subscribers, QCP described the situation as an unsettling silence
Bitcoin is right in the middle of the $60,000 to $73,000 range, and front-end Bitcoin volumes are approaching 60%.
Last week we experienced the fourth Bitcoin halving event, and the market panicked as war broke out in the Middle East.
Analysts referred to a reset in Bitcoin funding rates and a slow but steady return of interest in the US spot Bitcoin exchange-traded funds, with BlackRock publishing entries for 70 consecutive days, indicating ongoing demand from TradFi, albeit at a slower pace.
