CoinVoice recently learned that QCP Capital published an article saying that the US CPI data triggered a breakthrough in risky assets, and the BTC price rebounded to above $66,000. They expect this momentum may push the price back to a high of $74,000.
Additionally, it said institutional demand continues to grow, with large asset managers Millenium and Schonfeld investing 3% and 2% of their AUM respectively in BTC spot ETFs. With significant sovereign and institutional adoption, easing inflation, and the upcoming U.S. election, this breakout could signal the resumption of the bull market. [original link]
