"Bitcoin enters a rally phase: support from investment funds and resilience amid market turbulence"

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Analysts from the trading company QCP Capital reported the beginning of a new growth impulse for Bitcoin, driven by increased interest from institutional investors. In their opinion, the first cryptocurrency demonstrates enviable resilience despite the instability in the US stock market and the cautious monetary policy of the Federal Reserve System (Fed ).
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According to a report by QCP Capital, since the end of January, the price of Bitcoin has received a strong boost following the news of the purchase of 1004 BTC by the Japanese public company Metaplanet — a local equivalent of MicroStrategy. This event triggered a price increase; however, the subsequent downward movement was due to profit-taking by market makers. Despite a slight dip during the Asian trading session, the asset continues to remain within a stable upward trend.
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- "The positioning of Bitcoin as a reliable store of value remains relevant. This may continue to serve as a long-term catalyst for the growth of the asset," QCP Capital's review emphasizes.
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Analysts also point to the increasing volatility, which may intensify against the backdrop of declining investor interest in risky assets. One of the reasons for this sentiment was the recent downgrade of the U.S. sovereign credit rating by Moody's. This move heightened concerns in global financial markets, while Bitcoin, on the contrary, is perceived by investors as a potential "safe haven."