Bitcoin surged again after the JOLTS, or job openings, figures released in the US yesterday and rose above $70,000. QCP Capital, a Singapore-based crypto investment company, published an analysis stating that the rises may continue in the short term.

The company’s analysts stated that more and more countries in the world are approving Bitcoin spot ETFs every day and said, “After the BlackRock ETF became the fastest fund to cross the $ 20 billion level, we see that other countries are taking rapid steps. Thailand has approved the Bitcoin spot ETF, while in Australia, these funds will open for the first time today.”

“Non-farm employment may bring a record”

Referring to the non-farm employment data to be announced in the US on Friday, analysts wrote that a sub-expected figure to be announced here could also bring a new record in Bitcoin:

“We expect the rise to increase further with the US non-farm employment figures to be announced on Friday. Markets currently see a 0% chance of a rate cut for June and July. However, a weak employment data could change that. All this could lead to a new record high in Bitcoin.”

Analysts stated that with the opening of Ether spot ETFs, they also expect ETH to keep pace with Bitcoin’s rise.