Summary
- QCP Capital noted that the uptrend in the virtual asset market is still valid.
- Although there was a short-term correction due to the rise in the U.S. Producer Price Index (PPI), they explained that Bitcoin has regained its stability and altcoins are quietly continuing their upward trend.
- They mentioned that the continuing uptrend since April is driven by increased company activity in areas such as payment integration and reserve assets.
It has been argued that the uptrend in the virtual asset (cryptocurrency) market remains intact.
On the 15th (local time), QCP Capital stated on Telegram, "The U.S. Producer Price Index (PPI) rose by 0.9% month-on-month, leading to a short-term correction in the virtual asset market."
However, it added, "Bitcoin has regained its stability, and altcoins are also quietly continuing their upward trend."
Furthermore, they explained, "The uptrend that has continued since April is still valid," and noted, "This is because companies' activities in areas such as payment integration and reserve assets have been gradually increasing."
Son Min
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