Minimal Volatility Despite Triggers, Traders Bullish on ETH: QCP Capital

IconCryptoNewsTerminal Staff01 Jun, 2024

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Minimal Volatility Despite Triggers, Traders Bullish on ETH: QCP Capital

Despite several triggers this week, including the approval of an Ethereum (ETH) spot ETF, the market has not seen much volatility, reported Singapore-based cryptocurrency trading firm QCP Capital through its official Telegram channel. They further added that “Bitcoin is likely seeing some increased potential sell-side pressure after news of Mt. Gox coins moving and the hack on Japanese crypto exchange DMM Bitcoin, while ETH is seeing a slight bid as the spot ETF approval is priced in. Traders are continuing to bet on strength in ETH.”