PANews reported on March 24th that, according to QCP Market analysis, the postponement of Trump's deadline for Iran to open the Strait of Hormuz has temporarily eased market risk appetite. BTC briefly fell below $70,000 over the weekend, but its performance was stronger than previous safe-haven sell-offs. QCP believes that against the backdrop of US debt exceeding $39 trillion, stagflationary pressures, and rising discussions about de-dollarization, BTC may be gradually breaking free from the pricing framework of a "high-beta risk asset."
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