QCP Capital released a report highlighting the stability of the crypto market amid U.S. economic changes. Despite recent rallies in stocks and gold, cryptocurrencies continue to exhibit independent behavior.
Stability in the Crypto Market
According to QCP, cryptocurrencies are currently showing sideways movement, with investor confidence in Bitcoin and Ethereum remaining intact. The analysis indicates that sudden shifts in inflation may impact the market, but sharp reactions are not expected until new inflation data is available.
Bitcoin and Ethereum: Resilience to Volatility
Bitcoin (BTC) is trading at approximately $111,794.56 with a market capitalization of $2.23 trillion and 57.65% market dominance. Despite some inactivity, BTC has shown a 2.93% gain over the week. Ethereum is also demonstrating high activity, confirming resilience in uncertain conditions.
Perspectives and Risks for Cryptocurrencies
According to Coincu research, cryptocurrencies are likely to remain stable until new inflation data is released. Experts suggest that further market development will depend on overcoming institutional barriers and establishing a clear regulatory framework.
Thus, despite fluctuations in traditional markets, cryptocurrencies maintain stability and investor confidence. Future inflation data will play a key role in determining trends in the crypto market.
