QCP: Bitcoin rises above $65,000, market focuses on PCE inflation and end-of-quarter rebalancing effects

The latest market report from QCP indicates that Bitcoin surged past $65,000 after Strategy announced an increase in cash reserves and the purchase of an additional 520 Bitcoins, improving short-term market sentiment.

At the same time, there was a noticeable rotation within the U.S. stock market, with the Nasdaq weakening and small-cap stocks strengthening, reflecting that risk appetite has not broadly weakened.