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QCP: The increase in bitcoin's market share lays the foundation for the recovery of the L1 public chain, and the US election has further strengthened risk appetite

QCP released a weekly summary saying that this week has been an exciting one for cryptocurrencies. BTC rallied 10.48% to reach a high of $69,000 and the psychological mark of $70,000 is just around the corner. There is no major macro data to act as resistance next week. BTC ETF inflows have been impressive this week. As of Friday, ETF inflows reached $203.30 million and have been in the red for six consecutive days.

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2024-10-19 16:51:29