QCP: The crypto market is experiencing a healthy pullback, and the overall rise trend will not be affected.

robot
Abstract generation in progress

Golden Finance reported that QCP released a report indicating that the release of the US PPI data has essentially eliminated the possibility of a 50 basis point interest rate cut. In the crypto assets sector, US Treasury Secretary Yellen stated that there will be no sale of seized Bitcoin and emphasized a commitment to explore budget-neutral ways to acquire more Bitcoin to expand reserves. Bitcoin has stabilized around $119,000 after falling from a high of $124,000, with risk reversals clearly leaning towards put options. Despite the pressures from macro factors, QCP believes that the upward trend in crypto assets that began in April this year remains intact, supported by payment integration, balance sheet allocation, speculative positions, and the continuously increasing corporate adoption rate.

BTC-0.96%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)