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could drive a rally of as much as 60% in the second-largest cryptocurrency in the coming months, QCP Capital said in a Thursday broadcast on TelegramThe forecast echoes the market reaction after spot bitcoin ETFs were approved in January, the Singapore-based firm said.

use ai to improve sales strategy with data driven insights and analysis ✌️【365vc.net】✌️Safe and proven fund strategies. Begin with ₹500 and achieve 100% monthly profits.Bitcoin rose to over $73,000 from $42,000 in the two weeks after the ETFs started trading on Jan.

11,CoinGecko datashows."With Friday implied volatility above 100%, the market is expecting fireworks," QCP said.

"VanEck’s ETF has been listed by the DTCC.

use ai to improve sales strategy with data driven insights and analysis ✌️【365vc.net】✌️Start with just ₹500 and achieve up to 100% returns in a month. Easy, fast, and reliable.We think approval is now highly likely with trading expected as early as next week.”Implied volatility measures the market's expectation of future price fluctuations for a financial instrument.Buying activity increased on both centralized and blockchain-based crypto exchanges, on-chain analytics firm CryptoQuant said in a Wednesday report.

Holders bought over 100,000 ETH in spot markets on Tuesday, the highest daily level since September 2023, asreports of a favorable decision emergedand someanalysts bumped odds to over 75%from the earlier 25%.Open interest on ether-tracked futures spiked in tandem to a record $14 billion.

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