QCP Capital: Multiple catalysts boost BTC's rise, and we still maintain a medium-term bullish view

BlockBeats news, on July 17, QCP Capital posted on its official channel that although Bitcoin fell to $54,000 a few days ago and altcoins also fell by 30%, the market was full of panic, but the agency still maintained a medium-term bullish view. It believes that the current positive factors include:

· Powell's dovish stance, the market believes that the possibility of a rate cut in September is 100%

· The German government's sell-off has ended

· The launch of the ETH spot ETF is basically a foregone conclusion

· Trump chooses J.D. Vance as vice president