TechFlow news: QCP Capital stated that U.S. CPI data has triggered a breakout in risk assets, with BTC price rebounding above $66,000, and they expect this momentum could push prices back toward the $74,000 high.
Additionally, it noted that institutional demand continues to grow, with major asset management firms Millennium and Schonfeld allocating 3% and 2% of their AUM respectively into spot BTC ETFs. With significant adoption by sovereign and institutional investors, easing inflation, and the upcoming U.S. election, this breakout may signal the resumption of a bull market.
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