QCP Capital: US CPI data boosts risk asset market, BTC may return to $74,000

Odaily Odaily News QCP Capital published an article stating that the US CPI data triggered a breakthrough in the risk asset range, and the BTC price rebounded to more than $66,000. It is expected that this momentum may push the price back to a high of $74,000. In addition, it stated that institutional demand continued to grow, and large asset management companies Millenium and Schonfeld invested 3% and 2% of their assets under management in BTC spot ETFs, respectively. With the large-scale adoption of sovereigns and institutions, easing inflation, and the upcoming US election, this breakthrough may mark the resumption of the bull market.