QCP Capitalreported that the cryptocurrency market has the potential to rise further in the coming days, raising investors’ expectations. According to the company’s daily market report, major cryptocurrency exchanges funding ratesThere is improvement in the market. In addition, the cryptocurrency-friendly policies of US presidential candidate Kamala Harris have had positive effects on the sector. As a result of these developments, $60 million worth of short positions were liquidated last week.
Harris’ Cryptocurrency-Friendly Attitude
Kamala Harrispledged support for the cryptocurrency industry at a fundraising event held last weekend. This statement shows that Harris is starting to look more positively at cryptocurrencies.
Before Anthony Scaramucci and other cryptocurrency supporters had also set cryptocurrency policies for Harris’ campaign. Harris’ strategy aims to attract the votes of cryptocurrency users and is considered an important development for the sector. This change made investors look at the market more positively and contributed to the increased buying demand throughout the week.
Improvement in Market Data
QCP Capital, Bitcoin 
$63,547He reminded that in a short time, starting from $ 57,500 levels, it rose by about 13.8 percent. Since Monday last week, Bitcoin has shown a 12 percent recovery and still has strong potential for further increases. The selling pressure observed in the last month has slowly begun to normalize. The entry of buyers at high prices and sellers at low prices into the market during the weekend supported this normalization.
It was a remarkable development that funding rates improved, especially in major stock exchanges, and yield rates became more attractive with the decrease in interest rates. This situation is interpreted as a positive signal in terms of the general outlook of the cryptocurrency market.
In light of all these developments, QCP Capital analysts cryptocurrency marketis expected to continue its upward movement in the coming days. However, analysts urged investors to closely follow market trends and carefully evaluate their positions.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
