Altcoin-Centric Bull Run: QCP Capital Announces
CryptoNewsTerminal Staff03 Jun, 2024
Altcoin-Centric Bull Run: QCP Capital Announces
--- Altcoin-Centric Bull Market Underway Singapore-based cryptocurrency exchange QCP Capital recently announced via Telegram that an altcoin-centric bull market is underway despite formidable challenges. Key Market Indicators Altcoin Price Surge: Altcoins have experienced a notable rally, including a 300% surge in the meme coin associated with GameStop since the revelation of the $200 million position held by "Roaring Kitty." ETH Spot ETF Influence: The anticipation of a potential ETH spot ETF approval is driving new demand and boosting trading volume, surpassing that of BTC by 15%. * Increased Long Positions: Speculators are increasing their investments in major cryptocurrencies due to the positive outlook surrounding the ETH spot ETF. QCP Capital analysts believe that the rally is likely to persist amid these favorable conditions.
