[Kotoon] “Cryptocurrency market is likely to have a quiet summer”

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Singapore-based cryptocurrency trading company QCP Capital analyzed through its official Telegram channel on the 14th, "The cryptocurrency market is expected to face a quiet summer with low trading volume and no triggers to drive the market." He continued, “Despite the strong momentum in U.S. stocks, Bitcoin (BTC) is having difficulty recovering following the Federal Open Market Committee (FOMC) meeting in June, due to copying (capitulation and massive selling) by miners following the halving. This is expected to be the case for Ethereum (ETH) until this summer, when approval of the spot ETF is expected, and the spread is expected to narrow while waiting for the approval of the securities registration statement (S-1). “He explained.

※Cotoon (Coin Webtoon) is Coin Leaders’ cryptocurrency cartoon. The cartoonist is Jinho Kim. Artist Kim has been drawing current affairs cartoons for the Incheon Ilbo, Chungcheong Ilbo, Yeongnam Ilbo, and Gyeongnam Maeil for over 20 years, and is notable for his history of working and converting current affairs cartoons into files in a completely digital manner since the early 2000s. Currently, he supplies cartoons to many Internet media outlets, including Financial Today, and is active as an illustrator for MBN and Channel A.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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