Introduction:

The price of Bitcoin keeps changing, currently standing at $62,400. This affects other cryptocurrencies negatively, causing worry among investors. QCP analysts offer insights into what might happen next.

Summary of Cryptocurrency Expert Opinions:

According to experts, recent macroeconomic events are influencing the crypto market. There's concern that the US Federal Reserve's efforts to control inflation and support the economy might not succeed. QCP analysts highlight two recent developments:

1. The state of Wisconsin invested $100 million in BTC spot ETF from Blackrock. Other institutions might follow suit.

2. Vanguard, a major US asset manager, appointed a crypto-friendly CEO, raising speculation about launching a BTC spot ETF. This could create more demand.

Bitcoin's price remains between $60-63.5k despite positive economic indicators and a speech by Powell hinting at no rate hike. The upcoming US CPI figures might cause a breakout.

Expectations:

Investors face uncertainty due to pending decisions on spot Ether ETF applications. The SEC seems likely to reject them, causing weakness in altcoins. Once the decision is official, any impact might lessen, leading to a potential market rise.

Conclusion:

The crypto market's future is uncertain amidst macroeconomic challenges and regulatory decisions. However, developments like institutional investments and potential ETF launches could impact Bitcoin's trajectory in the coming days.