QCP Capital: US CPI data boosts the risk asset market, potentially pushing BTC back to the $74,000 high

ChainCatcher news, QCP Capital stated that the U.S. CPI data triggered a breakthrough in risk assets, with BTC prices rising above $66,000. They expect this momentum could push prices back to the $74,000 high.

In addition, they noted that institutional demand continues to grow, with large asset management firms Millenium and Schonfeld investing 3% and 2% of their assets under management into BTC spot ETFs, respectively. With significant adoption by sovereign and institutional investors, easing inflation, and the upcoming U.S. elections, this breakthrough may signal the return of a bull market.