QCP: BTC and ETH Strengthen Amid Geopolitical Tensions, Stablecoin Supply Reaches New High

Odaily Planet Daily reports that QCP released the latest market report indicating that amid ongoing geopolitical tensions, the crypto market has shown relative strength, with Bitcoin and Ethereum breaking through $74,000 and $2,270 respectively, while stocks and gold assets remain under pressure. The report suggests that this trend is reinforcing the narrative of “digital safe-haven assets” and “geopolitical hedging tools.”

QCP states that tensions related to Iran may drive increased on-chain activity and cross-border liquidity demand. Data shows that last week, USDC supply rose to a record high of approximately $81.1 billion, with overall stablecoin supply growing in tandem, indicating new capital inflows into the crypto market amid global uncertainty.

Institutional demand is also showing signs of recovery. Bitcoin ETFs have experienced net inflows for five consecutive trading days, with BlackRock’s ETF recording inflows for the third week in a row, totaling about $1.75 billion. Meanwhile, Strategy continues to increase its Bitcoin holdings.

In the options market, spot prices are approaching the important expiration strike price BTC-27MAR26-75K-C (about 80,000 contracts) at the end of the month. The report notes that if the price effectively breaks above $75,000, it could trigger a gamma-driven chase rally, while $74,500 remains a short-term key resistance level, with a dense area of short liquidations above.