In part 1 of this two-part series (https://bit.ly/3nlavid), we explored how the structural failings of the fiat monetary system would benefit crypto markets.

Here in part 2, we take a deeper look into the trends, innovations and developments in crypto that will shape growth in the space going forward.

I…

In the last few weeks, Bitcoin has made an impressive rally on the back of potential ETF approvals and just pushed to a 62,910 high on the back of the Valkyrie and Proshares approval. Here’s our take on the matter.

1. The approval of a Bitcoin ETF is a positive…

BTC has been trading in a 53,500–58,000 range since the big run-up last week. It’s also been noticeably outperforming ETH and most altcoins.

Chart 1

In spite of the numerous liquidation-driven dips, the 54,000 TD Support Trend level has held very well (Chart 1). …

Market has been trading sideways but in a wide price range. A 4,600 point range in BTC (40,600–45200) and a 450 point range in ETH (2,735–3,185).

While BTC and ETH remain rangebound, we’ve seen various Altcoin prices moving idiosyncratically. Most notably DYDX which has defied gravity, reaching a high of…

“We think that the market will start paying attention (to macro factors) again towards Q4…” — 08 Sep 21 broadcast

The macro spillover came early with crypto markets tumbling this week along with global risk assets in response to the Evergrande headlines.

Markets turned bearish from Monday morning, with China…

Some excitement on Monday with the leaked Walmart partnership with Litecoin which turned out to be fake news. BTC rallied to a high of 46,900 then quickly dipped to 43,465. Sign of a market starving for a directional catalyst.

Chart 1

In other news, Solana network went offline for more than half…

Chart 1

This week, ETHBTC cross started moving towards our 0.0850 target level (Chart 1) [view from 03 Aug Market Update].

The outsized move higher in ETHUSD has been largely spot and vol driven (rather than leverage in futures). Spot demand from unprecedented transaction amounts in NFTs along with the constant buying…

BTC edged above the 50k level yesterday in Asia morning, a key level that BTC has not closed above since the crash on 12 May.

The catalyst for the break higher was the same pattern of option flow that has been consistently pushing prices higher in the last few weeks…

50 years ago, on Sunday 15 August 1971, Nixon took the US off Gold convertibility. This was arguably the single most important economic shift in modern economic history, the first step in a complete shift to a Fiat-based monetary world.

With this shift, money supply became unencumbered. Central banks could…

A bullish self-reinforcing cycle seems to have developed in ETH. The dynamic is as follows:

1. ETH spot rallied, pricing in the impact of EIP-1559. (85% price increase from the 1718 low in July)

2. The sharp move higher has reignited interest from speculators who are no longer just trading…

QCP Capital

Digital Asset Trading Firm | https://qcp.capital/

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