QCP Capital: ETH may continue to rise close to $4,000 due to Trump's support for cryptocurrencies
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Odaily Odaily News Cryptocurrency market-making company QCP Capital analyzed that before the launch of the Ethereum ETF, the price of ETH continued to rise, with an increase of 35% in two weeks and currently close to $4,000. QCP Capital said that this price trend may be due to the pro-cryptocurrency remarks made by former US President and current 2024 Republican leading candidate Donald Trump over the weekend, and said that "from the price trend, market participants seem to be bullish on ETH rather than BTC, especially once the ETH spot ETF begins trading, there will be potential institutional demand." (TheBlock)
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