Experts at QCP Capital underscore that Bitcoin is showing remarkable resilience despite challenges in the US stock market and the Federal Reserve’s cautious policy. The rally is going on!
“The momentum toward new highs was triggered by news of Metaplanet purchasing 1,004 bitcoins, while the subsequent correction was a result of profit-taking by market makers. Despite losing some ground, Bitcoin remains within a positive trend channel,” QCP Capital analysts note.
Bitcoin’s status as a reliable store of value remains unchanged. According to QCP Capital, the flagship asset continues to trend upward. However, Bitcoin’s dynamics may shift. Amid waning risk appetite in global markets and the recent downgrade of the US sovereign credit rating by Moody’s, the leading cryptocurrency could experience a real seesaw.
Earlier, experts at The Block pointed out that the average transaction fee on the Bitcoin network rose to $2.40, the highest level since the beginning of 2025.
