MSTR

QCP's latest report: Bitcoin demand remains strong, with prices expected to maintain solid support before the end of the year

ChainCatcher news, QCP released the latest report, which shows that Bitcoin reached a historic high of $97,900 this morning, driven by last night's market surge. This increase is attributed to growing optimism in the cryptocurrency market, particularly regarding Bitcoin's rising importance in the corporate world and increased capital inflows.MicroStrategy is expected to raise $2.6 billion to purchase more Bitcoin, with MSTR's market capitalization surpassing $100 billion, leading the trading volume in the U.S. market last night.Several corporate finance departments are following MicroStrategy's lead by incorporating Bitcoin into their reserves, with Acurx Pharmaceuticals reportedly purchasing $1 million worth of Bitcoin.As Trump's inauguration approaches, there is a surge in market enthusiasm for January call options.Outlook:Bitcoin is solidly above $97,000, just a step away from the $100,000 milestone. This week, we observed strong demand for March and June call options, indicating that investors hold a long-term bullish outlook for next year.Bitcoin spot ETFs have won for three consecutive days, with a total net inflow of $1.84 billion during this period. This year, Bitcoin ETFs have been the largest factor driving additional capital inflows into Bitcoin, with a net inflow of $29.4 billion in U.S. ETFs.As global central banks further loosen monetary policy, strong demand for Bitcoin continues, and prices are expected to remain supported before the end of the year.
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