QCP Capital: BTC demand remains strong, and the price is expected to receive support before the end of the year.

PANews reported on November 21st that QCP Capital, a Singapore encryption investment institution, stated that BTC hit a new high of $97,900 this morning after last night’s pump. This surge was driven by the optimism in the cryptocurrency market, which was intensified by headlines emphasizing BTC’s increasingly important role in the corporate world and the continuous inflow of capital into this asset. MicroStrategy is expected to raise $2.6 billion to purchase more BTC, with its stock price breaking through a Market Cap of $100 billion last night and topping the volume chart in the United States. Several corporate treasuries are following MicroStrategy’s lead in including BTC in their reserves. It is reported that Acurx Pharmaceuticals has purchased BTC worth as much as $1 million. With the approaching of Trump’s inauguration ceremony, the purchase volume of bullishOptions in January next year has surged. BTC has firmly held the $97,000 level and is now closer than ever to the milestone of $100,000. This week, our trading platform has seen strong demand for March and June bullishOptions, indicating investors’ long-term bullish sentiment for next year. The BTCSpotETF has extended its winning streak to three days, with a total net inflow of $1.84 billion during this period. BTCETF has been the biggest driving force for funds flowing into BTC this year, with a net inflow of $29.4 billion in US ETFs. With global Central Banks continuing to relax monetary policy, the demand for BTC remains strong, and we expect BTC prices to receive support before the end of the year.