QCP Capital says its trading desk saw 'bullish flows' during bitcoin price dip

Bitcoin and ether are at a “buy the dip” moment in between post-payrolls data and at least one more interest-rate cut from the U.S., Singapore-based crypto trading firm QCP Capital said in a recent market update. Last Friday’s non-farm payroll data, a key indicator of U.S. job market, showed a stronger-than-expected monthly gain of 272,000 in May, exceeding the forecast of 185,000. However, this was matched by a rise in the unemployment rate, which ticked up to 4.0% from 3.9%. …