According to the latest update from QCP Capital, the price of bitcoin is expected to remain relatively calm. The Singapore-based crypto asset trading firm highlighted that the U.S. stock market surged to new highs after Federal Reserve Chairperson Jerome Powell said the U.S. was on a deflationary trajectory. Despite the bullish trend in the stock market, Bitcoin and Ethereum have shown no signs of respite, with their prices hovering around $57,000 and $3,000, respectively.