Crypto Market Update: QCP Sees Ethereum as a Safer Bet Amid Bitcoin’s Stagnation

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The post Crypto Market Update: QCP Sees Ethereum as a Safer Bet Amid Bitcoin’s Stagnation appeared first on Coinpedia Fintech News
QCP, a prominent trading firm, has shared key observations about the cryptocurrency market. Bitcoin’s struggle to surpass the $70,000 mark has led QCP to predict continued heavy selling pressure, with BTC likely to remain within a tight trading range. Meanwhile, Ethereum (ETH) is seen as a more promising investment, with potential gains as ETH may catch up to BTC, driven by subsiding outflows from ETHE.
Read on to discover how you can profit.
Bitcoin’s Struggle: The $70,000 Barrier
For 6th time in a row, BTC has failed to rise above the $70K mark. Bitcoin is at $66,048 after a big decline. Many investors sold Bitcoin to capitalize on rising values, causing a dramatic drop. The market is becoming more skeptical about Bitcoin’s bull run, with some investors decreasing their expectations.
Despite the ongoing sell-off from Mt. Gox and the

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