QCP Capital analyzes why cryptocurrencies have not followed the rise in stock and gold prices since the beginning of last week

Odaily News QCP Capital said in its latest market analysis that since the beginning of last week, stocks and gold prices have been rising, but cryptocurrency prices have gone in the opposite direction. Cryptocurrency prices saw a significant gap during the July 4 US holiday, and then found support when the US market returned (Bitcoin spot ETFs saw net inflows of more than $143 million). During the weekend, the cryptocurrency market liquidity was thin, and Bitcoin prices fluctuated violently, with the trading range widening to $53,500 to $58,500, showing increased market uncertainty. The analysis said that this may mean that wider fluctuations in cryptocurrencies due to lack of liquidity during non-US trading hours will become the new normal, or it may just be a summer phenomenon and the market lacks a strong narrative.