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QCP: Bitcoin Surpasses $65,000; Market Focuses on PCE Inflation Data and Quarter-End Rebalancing Effects

Source: www.qcpgroup.com
According to QCP’s latest market report, Bitcoin surged above $65,000 following Strategy’s announcement of increasing its cash reserves and purchasing an additional 520 BTC, leading to a short-term improvement in market sentiment. Meanwhile, notable sector rotation occurred within U.S. equities: the Nasdaq weakened while small-cap stocks strengthened—indicating that risk appetite has not broadly deteriorated.

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