Amidst a pivotal moment in cryptocurrency trading, QCP Capital, a leading digital asset trading firm based in Singapore, has signaled a strong buy recommendation for Bitcoin and Ethereum. The firm emphasizes that the current market conditions—where Bitcoin and Ethereum prices are stabilizing around $63,000 and $3,100 respectively—present an opportune moment for investors to build their positions. This advice comes as Bitcoin active wallets increase, suggesting a resilient interest despite the market’s fluctuations, according to recent data from Santiment.

The backdrop of this bullish outlook includes the anticipation of the Spot Bitcoin and Ether ETFs set to commence trading in Hong Kong on April 30. QCP Capital highlights this event as a significant positive catalyst, likely to echo the enthusiastic institutional buying seen in the United States, thereby opening doors to substantial Asian institutional capital. Moreover, despite the challenges, including a recent drop in Ethereum options’ downside skew to -13% and SEC’s hesitance towards a spot Ether ETF, QCP Capital sees these as mere pauses in a potential long-term bull market, recommending that now is the time to accumulate long positions in anticipation of a massive rally.

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