QCP Capital: Bitcoin Holding Above $90,000 Shows Resilience, Suggests Adopting a Defensive Investment Strategy

BlockBeats News, February 5th. QCP Capital's latest analysis shows that against the backdrop of the development of U.S. trade policy and a high-risk tariff war, the traditional financial markets continue to experience turbulence. The S&P 500 index has struggled to maintain the 6000 point level, with last week's fluctuations causing a pullback in the cryptocurrency market. Bitcoin briefly touched $92,000, while Ethereum dropped to $2,100. Although the U.S. has postponed imposing tariffs on Mexico and Canada, providing some relief, the U.S.-China trade war remains the market's focus.

Regarding cryptocurrency regulation, regulatory agencies have established a dedicated working group to draft stablecoin regulations and are evaluating the feasibility of a Strategic Bitcoin Reserve (SBR). QCP Capital believes that while Bitcoin holding above $90,000 demonstrates resilience, in the face of geopolitical risks and a lack of short-term bullish catalysts, it is advisable to adopt a defensive investment strategy.