Repayments are expected to be made to creditors in the Mt.Gox incident, known as the Bitcoin nightmare.
Regarding these refunds, a million-dollar BTC transfer took place in Mt.Gox wallets recently, and the price reacted to these transfers.
While the impact of Mt.Gox transfers on the BTC price continues, QCP Capital analysts evaluated whether this impact will continue.
Accordingly, QCP Capital analysts think that uncertainty in the Mt.Gox incident may prevent the BTC price from rising.
Although the outlook for Bitcoin is uncertain, analysts make positive predictions for ETH.
Stating that spot ETH ETFs will be positive for the price, analysts said that option investors expect between $ 4,000-5,000 for the end of June.
Referring to Blackrock's update on its Ethereum ETF application, QCP analysts stated that possible approval could come in early July.
Analysts recently added that investors have recently shifted their focus to higher beta meme tokens such as Shiba Inu (SHIBA), Dogecoin (DOGE) and Pepe (PEPE).
“ Investors are shifting their focus to higher beta meme tokens like Shiba Inu (SHIBA), Dogecoin (DOGE), and Pepe (PEPE). These have achieved double-digit gains (10-20%) and are in the top 10 in Open Interest. .
BlackRock filed updated S-1 forms overnight, with other issuers likely to follow suit soon. Final approval for ETH ETFs could come in early July.”
*This is not investment advice.