The cryptocurrency market is poised for significant growth, driven by the recent unemployment relief report and the upcoming Consumer Price Index (CPI) data. Analysts at QCP Capital predict that these indicators will serve as catalysts for Bitcoin to reach new historical highs. Additionally, the possibility of potential interest rate cuts could further boost Bitcoin's value. The analyst also anticipates that Ethereum (ETH) will continue to underperform in the short term.

The analyst's prediction comes after comments made by Gary Gensler, the chairman of the US Securities and Exchange Commission, in an interview with CNBC. Gensler stated that the approval of a spot Ethereum ETF S-1 would 'take some time'. This information provides insight into the potential future performance of these major cryptocurrencies.

The analyst's prediction comes after comments made by Gary Gensler, the chairman of the US Securities and Exchange Commission, in an interview with CNBC. Gensler stated that the approval of a spot Ethereum ETF S-1 would 'take some time'. This information provides insight into the potential future performance of these major cryptocurrencies.

The analyst's prediction comes after comments made by Gary Gensler, the chairman of the US Securities and Exchange Commission, in an interview with CNBC. Gensler stated that the approval of a spot Ethereum ETF S-1 would 'take some time'. This information provides insight into the potential future performance of these major cryptocurrencies.

The analyst's prediction comes after comments made by Gary Gensler, the chairman of the US Securities and Exchange Commission, in an interview with CNBC. Gensler stated that the approval of a spot Ethereum ETF S-1 would 'take some time'. This information provides insight into the potential future performance of these major cryptocurrencies.