Bitcoin Slumps Below $28K as Yields Spike; Ether Futures ETFs Fizzle on Lukewarm Investor Interest

The crypto market, especially bitcoin, has seen a sizable rally recently, influenced by factors like the SEC’s ether futures ETFs approvals and other government decisions, QCP Capital wrote in a recent note, highlighting that bitcoin has gained 15% in the last two weeks. However, QCP has concerns regarding the rally’s sustainability, with shifts in demand and historical data suggesting potential market downturns.

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• Source: https://www.coindesk.com/markets/2023/10/02/bitcoin-slumps-below-28k-as-yields-spike-ether-futures-etfs-fizzle-on-lukewarm-investor-interest/?utm_medium=referral&utm_source=rss&utm_campaign=headlines