In the last 24 hours, significant fluctuations have occurred in cryptocurrency markets, with BTC ($107,418.00) declining to $94,150. The decrease in BTC price has led to even larger impacts on altcoins, with cryptocurrencies like SHIB ($0.00) experiencing drops exceeding 25%. What are the latest predictions from QCP Capital experts regarding the markets?
The liquidation of over $1.5 billion in long positions has shaken funding rates among altcoins. Following Trump’s announcement of a crypto-friendly SEC candidate, there is little potential for significant developments in the near term, weakening upward momentum.
XRP ($2.32) Coin price approached the $3 limit as Gensler’s resignation date became clear; however, recent pullbacks are considered normal given the expectation was met. Upcoming events include the Fed’s interest rate decision on December 18 and tomorrow’s U.S. inflation data. Markets currently maintain an expectation of a 25bp r...
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