QCP: CoinTelegraph's fake news about regulatory approval of BTC ETF highlight...

Pankitaaaa

Cryptocurrency trading company QCP has pointed out that CoinTelegraph's false tweet about the approval of the BlackRock BTC ETF by U.S. regulators highlights the market's strong interest in such products. The company stated that Monday's CoinTelegraph spot ETF tweet scam proved that the entire cryptocurrency world is currently focused on the BTC ETF. The fake news led to a rise of over $2,000 in the price of Bitcoin and a reversal, indicating a strong anticipation within the industry for this event. In contrast to JPMorgan, QCP anticipates that "the U.S. Securities and Exchange Commission will not approve any applications or conversions this year." This implies that larger trends in BTC prices below $25k or above $32k will be influenced by the macroeconomic winds in the remaining time of the fourth quarter.