QCP Capital: Crypto Market May Be Starting to Ignore Mt. Gox Impact

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ODAILY
08-14
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Odaily Odaily News QCP Capital published an analysis saying that BTC recovered $60,000 overnight and stabilized at these levels, completely reversing the sell-off last Monday. Last night, a suspected Bitgo address transferred $2 billion worth of Mt. Gox's Bitcoin, but the price of Bitcoin even rose, which may indicate that the market is beginning to ignore this supply factor. ETH spot ETF continues to attract capital inflows, rising for two consecutive days, attracting $24.3 million in net inflows on Tuesday.

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