PANews reported on April 6 that Haseeb Qureshi, managing partner of Dragonfly, published an article analyzing the current trend of the crypto market. He said that the stability of Bitcoin prices may be due to its combination of gold and Nasdaq attributes, that is, it "survives in the cracks" between the rise of gold and the decline of technology stocks. MicroStrategy's continued buying power is also providing support.
Haseeb said that the market currently expects interest rate cuts and the resumption of quantitative easing, and as the most risky assets, altcoins are the first to benefit. In addition, unlike stocks and bonds, altcoins are not directly affected by tariffs. He also believes that retail investors were bottom-fishing in the stock market last Friday, while institutional funds were flowing out; since altcoins are dominated by retail investors, the funding side did not fluctuate significantly, so the price remained strong.
