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QCP: BTC and ETH Gain Ground Amid Geopolitical Tensions; Stablecoin Supply Hits New High
Svmuu News: QCP has released its latest market report, noting that against the backdrop of ongoing geopolitical tensions, the crypto market has shown relative strength, with Bitcoin and Ethereum breaking through $74,000 and $2,270, respectively, while stocks and gold assets remained under pressure during the same period.The report suggests that this trend is reinforcing the narrative of cryptocurrencies as “digital safe-haven assets” and “geopolitical hedging tools.” QCP noted that tensions related to Iran may drive increased on-chain activity and demand for cross-border liquidity. Data shows that the USDC supply rose to a record high of approximately $81.1 billion last week, with overall stablecoin supply growing in tandem, indicating new capital inflows into the crypto market amid global uncertainty. Institutional demand is also showing signs of recovery. The Bitcoins ETF has seen net inflows for five consecutive trading days, with the ETF managed by BlackRock recording inflows for the third consecutive week, totaling approximately $1.75 billion. Meanwhile, Strategy continues to increase its holdings of the Bitcoin. In the options market, the spot price is approaching the key expiration strike price for the month-end position, BTC-27MAR26-75K-C (approximately 8,000 contracts).The report notes that if prices break above $75,000, it could trigger a gamma-driven rally, while $74,500 remains a key short-term resistance level, with a relatively dense cluster of short liquidations above it.
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