Cryptocurrency trading firm QCP Capital has made statements regarding the current state of the cryptocurrency market.
In a recent report, QCP Capital focused on the cryptocurrency market, emphasizing that the Israel-Iran tensions caused a significant drop in the early hours of April 19 and that there was a quick recovery, sending positive signals for the market.
Bitcoin, specifically, was highlighted as having $60,000 as a clear support level, while it was also noted that more volatile days could be experienced after the halving event on April 19.
It was reported that both options and futures market investors are more cautious at present, with a clustering of transactions at the year-end price of $100,000.
According to CoinGecko data, Bitcoin has shown a 5.3% increase in the last 24 hours, trading at $64,900 at the time of writing.
