A new correlation has emerged for Bitcoin, according to QCP Capital., 2026/04/20 18:11:37

The price of Bitcoin is increasingly influenced by even the most trivial news related to the situation in the Middle East, according to analysts from the trading firm QCP Capital.

Despite conflicting reports regarding the progress of peace talks between the U.S. and Iran, the volatility in the crypto market remains subdued, with the leading cryptocurrency trading near yearly lows, trading experts noted.

Investors are reassessing their strategies in favor of a scenario of “episodic escalation,” which the conflicting parties are expected to continue. This economic backdrop creates conditions for the consolidation of the leading cryptocurrency’s quotes within a narrow trading range (sideways movement) and diminishes the likelihood of pronounced directional trends, according to QCP Capital.

An additional factor stabilizing the price of the leading cryptocurrency is the wait-and-see approach of major investors. Amid prolonged political uncertainty in the U.S. and beyond, investment funds prefer not to reduce their positions in digital assets. They view Bitcoin as a tool for hedging against medium-term inflation risks that inevitably arise during a crisis, analysts from the trading company explained.

The correlation of the asset with traditional stock indices has temporarily weakened: the leading cryptocurrency shows resilience to local downturns in the S&P 500, but currently lacks the internal momentum for independent price growth, specialists at QCP Capital believe.

Previously, crypto analyst using the pseudonym Rekt Capital stated that the current rise in Bitcoin, linked to economic factors, may be short-lived and not lead to the establishment of a sustainable bullish cycle.