Bitcoin surges above €38,000 ahead of a seasonal February

Bitcoin surges above €38,000 ahead of a seasonal February

“We see a short-term setup for a bounce forming, especially on a close above €40,000 BTC and €3,000 ETH” in February, QCP Capital, a cryptocurrency trading firm, wrote in a report on Monday. The company also expects market expectations for a US Federal Reserve rate hike to moderate over the next two months, which could benefit stocks and cryptocurrencies.