Bitcoin Surges Above 62000 QCP Capital Gives Two Key Reasons for BTC Maintaining the 60000 Barrier

Bitcoin has fluctuated around $61,000 this week after briefly touching $58,000. This morning, it once again surpassed $62,000. QCP Capital attributed Bitcoin’s ability to maintain the $60,000 support to two main reasons. Firstly, the German government has slowed down its Bitcoin sell-off, transferring significant amounts to exchanges over recent days. Secondly, Bitcoin spot ETFs saw net inflows after seven consecutive days of outflows from June 13 to June 24, signaling stabilization. Analysts also anticipate that the impact of Mt. Gox’s Bitcoin sell-off will be less severe than initially feared.