TechFlow, September 15 — QCP released a market research report stating that the cryptocurrency market has returned to track after last week's volatility triggered by CPI data. Although the data showed tariff-induced inflationary pressures, there were no major surprises, providing a green light for risk assets.
Institutional capital inflows have noticeably strengthened:
- BTC spot ETFs recorded substantial inflows for five consecutive days
- ETH saw its largest single-day inflow in two weeks on Friday following the SEC's postponement of the decision on staking ETH ETFs
- XRP and SOL continued to rise despite delayed ETF decisions, with the market viewing delays as inevitable rather than rejections
As BTC consolidates within a range, the altcoin market has performed impressively:
- CMC's Altcoin Season Index reached 72
- Total altcoin market cap hit $1.73 trillion, both highs within 90 days
- BTC has recovered from its September low of 107k but remains range-bound
Market participants believe that with digital asset supporter Paul Atkins serving as SEC chair, traders appear to be accumulating high-beta cryptocurrencies in anticipation of inevitable approvals.
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