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ChainCatcher news, Zerocap Chief Investment Officer Jonathan de Wet stated in an investor report that the upward momentum of Bitcoin remains strong."We expect Bitcoin to reach $70,000 in the coming weeks," de Wet said, noting that the technical breakthrough provides a solid foundation for further gains.Multiple positive factors are beginning to converge, including political developments in the United States, which have fueled market optimism for policies favorable to the crypto industry.

ChainCatcher news, according to Cointelegraph, Australian crypto trading firm Zerocap stated that Bitcoin is "hard to predict," and after the Federal Reserve's decision on interest rates on September 18, Bitcoin could drop to $53,000 or rise to $65,000.Zerocap's Chief Investment Officer Jonathan de Wet mentioned that the market now expects a 62% chance that the Federal Reserve will cut rates by at least 50 basis points (0.5%), which has already contributed to Bitcoin's brief rebound to $60,000 on September 13.However, Wet stated that due to the lingering uncertainty of the impact of rate cuts in the short term, price movements are "hard to predict," and the instability of the upcoming November U.S. elections will only complicate matters further, "after the recent range lows, we see a downside target for BTC at $53,000, while the upside target after breaking the descending wedge is $65,000."He added, "It's hard to predict the direction before the elections, but the risk situation should lead to short-term positive sentiment."

ChainCatcher news, according to CoinDesk, cryptocurrency custody company Fireblocks announced on Thursday that it has listed Zodia Custody, Komainu, CloudTech, Zerocap, and Rakkar as the five companies joining its global custody partner program. The global custody program offers local third-party crypto custody options in appropriate jurisdictions for crypto institutions using Fireblocks technology, including the UK, Australia, Singapore, the UAE, and Japan.The custody company stated that Fireblocks' recently announced application for a New York trust company, once approved, will meet the needs of U.S. clients. The Fireblocks partner program simplifies clients' digital asset financial management and provides fast digital asset trading and dynamic payment workflows. As the custody program develops, its goal is to target regions such as the EU and Latin America.

ChainCatcher news, according to Cointelegraph, data from Farside Investors shows that in the past two trading weeks, the total net outflow of U.S. Bitcoin spot ETFs reached $1.298 billion, with Grayscale experiencing the highest net outflow during the same period, totaling $517.3 million. IBIT is the only ETF with a net inflow, seeing a net inflow of $43.1 million over the past two weeks.Jonathan de Wet, Chief Investment Officer of digital asset trading firm ZeroCap, stated that despite the continued decline in the overall cryptocurrency market, Bitcoin's price is expected to drop to around $57,000, a key support level, in the coming weeks.Jonathan de Wet mentioned that although there may be further declines in Bitcoin and other cryptocurrencies in the coming week due to selling pressure from Mt. Gox creditor repayments, he remains optimistic about the long-term outlook.