Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 30
    NewsCryptoMarketSponsored Article

    Secure Your Spot Now: MoonBull Whitelist Moves Fast as the Best Upcoming Crypto While Ponke and Shiba Inu Stay Quiet

    What if the next major crypto breakout is happening behind a closed…

    By
    Benedikt Krüger
    July 6, 2025
    image 22
    CryptoMarketNewsSponsored Article
    Early Access Alert: MoonBull Whitelist Now Open as Dogecoin and Housecoin Shift Focus
    July 6, 2025
    image 18
    CryptoMarketNewsSponsored Article
    Be First In Line: MoonBull Whitelist Launches as the Best New Upcoming Crypto, as SHIB and Mubarak Maintain Momentum
    July 5, 2025
    Image fx 17
    CryptoMarketNews
    WLFI Token Proposal Marks a Pivotal Moment for World Liberty Financial
    July 5, 2025
    Image fx 16
    CryptoMarketNews
    Ripple’s RLUSD Launch Triggers Debate Over XRP’s Future
    July 5, 2025
  • Cryptocurrency
    image 30
    Secure Your Spot Now: MoonBull Whitelist Moves Fast as the Best Upcoming Crypto While Ponke and Shiba Inu Stay Quiet
    8 Min Read
    image 22
    Early Access Alert: MoonBull Whitelist Now Open as Dogecoin and Housecoin Shift Focus
    8 Min Read
    image 18
    Be First In Line: MoonBull Whitelist Launches as the Best New Upcoming Crypto, as SHIB and Mubarak Maintain Momentum
    7 Min Read
    Image fx 17
    WLFI Token Proposal Marks a Pivotal Moment for World Liberty Financial
    4 Min Read
    Image fx 16
    Ripple’s RLUSD Launch Triggers Debate Over XRP’s Future
    4 Min Read
    Trump’s Big Beautiful Bill Passes Why Bitcoin Braces for $90K Liquidity Squeeze
    Trump’s Big Beautiful Bill Passes Why Bitcoin Braces for $90K Liquidity Squeeze
    7 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: QCP Analysts’ Weekend Summary: What’s Next for Bitcoin and Altcoins?
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > QCP Analysts’ Weekend Summary: What’s Next for Bitcoin and Altcoins?
News

QCP Analysts’ Weekend Summary: What’s Next for Bitcoin and Altcoins?

weekend summary theme for Bitcoin and altcoins. The image should feature the Bitcoin logo alongside altcoin symbols like SHI
Thalia Galanis
Last updated: October 6, 2024 10:47 am
By
Thalia Galanis
Published October 6, 2024
3 Min Read
Share

With Bitcoin hovering around the $62,000 mark, investors are eagerly awaiting a long-anticipated rally. After being stuck in its range for over 200 days, the final quarter of the year is seen as the last hope for a market breakout. So, what are QCP’s market analysts predicting for Bitcoin and altcoins, and what can investors expect in the coming weeks?

Contents
QCP’s Crypto Market AnalysisVolatility and Altcoins in Focus

QCP’s Crypto Market Analysis

October started on a rough note as rising geopolitical tensions dampened the positive momentum seen at the end of September. According to QCP analysts, altcoins have struggled to hold on to gains, losing ground amid accumulating fear over the past months. The analysts summarized the current situation as follows:

“The final quarter saw increased volatility in risk assets due to the escalation of the Israel-Iran conflict. Concerns over potential Israeli retaliation were heightened as Iran launched missiles around the anniversary of attacks on Gaza. If Israel targets key Iranian infrastructure like nuclear or oil facilities, it could severely disrupt global markets.”

a market analysis for Bitcoin and altcoins focusing on volatility and geopolitical risks. The image should feature the Bitc

In addition, the U.S. non-farm payroll report released last Friday showed a higher-than-expected gain of 254,000 jobs, compared to the forecasted 150,000. The U.S. unemployment rate stood at 4.1%, slightly below the expected 4.2%. Despite last month’s negative data, these strong results signal resilience in the labor market.

“Bitcoin briefly reclaimed $62,000 on Friday due to the strong jobs report, which also fueled risk assets as expectations for further interest rate cuts later this year increased.”

QCP analysts also pointed to increased demand for December call options in the options market, reflecting a rising year-end rally expectation among professional investors.

“As BTC fell about 5% from last week’s highs, we believe recent positive macroeconomic data supports our view of the long-awaited ‘Uptober’ trend.”

Volatility and Altcoins in Focus

Looking ahead, key events such as the release of the Fed minutes and September’s inflation figures will be crucial. While geopolitical risks surrounding Israel’s potential response remain a concern, QCP believes the macroeconomic backdrop could provide a supportive environment for cryptocurrencies.

If Bitcoin sees a rapid rise, assets like SHIB, AVAX, and SOL could benefit from quick recoveries, as their recent upward movements were halted prematurely.

Bitcoin, altcoins, interest rate cuts, geopolitical risks, inflation figures

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Ripple CLO Asserts XRP Non-Security Status Will Stand Even After Potential SEC Appeal

Ethereum Co-Founder Vitalik Buterin Praises This Altcoin for the Third Time!

South Korea Set to Tighten Cross-border Crypto Rules to Fight Tax Crime

This New Partnership Could Be the Future of Crypto Derivatives—Find Out Why!

David Sacks Declares a “Golden Age for Crypto” Under Trump’s Administration

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article key developments in the cryptocurrency market for the week of October 7 13. The central element should be a calendar with ma Top 20 Crypto Developments to Watch: October 7-13
Next Article the price predictions of meme coins PEPE BONK and DOGS for October 2024. The image should feature the logos of these three Altcoin Price Predictions: PEPE, BONK, and DOGS for October 2024
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English