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The price movements of Bitcoin and major cryptocurrencies are increasingly influenced by the state of the global economy, according to analysts from the investment firm QCP Capital.
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Investment experts believe that Bitcoin has evolved into a hybrid asset, with its behavior shifting in response to economic changes.
“The leading cryptocurrency continues to seek its place within the global financial ecosystem. Short-term volatility does not negate the fundamental transformations occurring in the market structure, driven by rising institutional interest. The rebound from the $60,000 level indicates sustained underlying demand,” the specialists from QCP Capital explained.
The dynamics of the Bitcoin market are becoming increasingly sensitive to key indicators such as inflation and central bank decisions regarding interest rates. Any significant shifts in monetary policy directly impact investor sentiment and trading volumes in cryptocurrencies.
In the future, regulation and investor confidence will shape the volatility and growth potential of Bitcoin and other major coins. A transparent legislative framework and the involvement of institutional investors could simultaneously reduce speculative tendencies and enhance the appeal of cryptocurrencies for long-term holders, analysts at QCP Capital suggested.
Previously, experts from the American investment bank Compass Point noted the formation of an “air gap” in the Bitcoin market between the key support levels of $70,000 and $80,000.
