According to the experts of the QCP Capital, despite the problems of the US stock market and the cautious policy of the American Federal Reserve System (Fed), Bitcoin demonstrates enviable stability.
“From the end of January, the impulse to the new maximums provoked news about the purchase by Metaplanet 1004 bitcoins, and the subsequent correction was the result of fixing profit by market makers. Although Bitcoin lost his position during the Asian trading session, he is still within the positive range, ”the review of the trading company said in a review composed of analysts.
The positioning of bitcoin as a reliable means of maintaining value remains unchanged, and this can act as a long -term catalyst for an asset growth, confident in the QCP Capital. Against the backdrop of a decrease in risk appetite in the global markets after lowering the US Moody’s sovereign rating, cryptocurrency in the near future can show a high level of volatility, analysts concluded.
Earlier, the experts of The Block said that the average commission for the transaction on the Bitcoin network has increased to $ 2.40, and this is the highest level from the beginning of the year.
Source: Bits
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