QCP Capital: Multiple catalysts boost BTC rise, still maintaining a medium-term bullish view

BlockBeats news, on July 17th, QCP Capital posted on its official channel that although Bitcoin had fallen to $54,000 a few days ago and altcoins also fell by 30%, the market was filled with panic. However, the institution still maintains a medium-term bullish view. They believe that current positives include:

· Powell's dovish stance, the market believes there is a 100% chance of interest rate cuts in September

· The German government has finished selling off

· The launch of ETH spot ETFs is basically a foregone conclusion

· Trump chose J.D. Vance as Vice Presiden.