QCP Capital: Upcoming PPI and CPI data may carry upside risks, with bitcoin options market reflecting cautious sentiment
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QCP Capital: Upcoming PPI and CPI data may carry upside risks, with bitcoin options market reflecting cautious sentiment
QCP Capital's latest analysis indicates that global markets are adjusting to revised expectations for Fed rate cuts. The 10-year U.S. Treasury yield surged to 4.8%, the highest since the end of 2023, as market expectations now point to no rate cuts before October at the earliest. Equity index futures opened down 1.5%, causing Bitcoin to briefly drop below $90,000 before recovering above $95,000. QCP Capital anticipates upside risks in the upcoming PPI and CPI data releases. Markets are adapting to the reality of prolonged higher interest rates, with some investors
Navigating Web3 tides with focused insightsTechFlow reports that on January 14, QCP Capital's latest analysis indicated global markets are digesting adjustments to Fed rate cut expectations. The yield on the 10-year U.S. Treasury surged to 4.8%, the highest since the end of 2023, as market expectations now suggest no rate cuts before October at the earliest. Equity index futures opened down 1.5%, causing Bitcoin to briefly drop below $90,000 before recovering to above $95,000.
QCP Capital anticipates upcoming PPI and CPI data may carry upside risks. Markets are adapting to the reality of prolonged higher interest rates, with some investors even contemplating the possibility of further rate hikes. Sentiment in the Bitcoin options market remains cautious, with investors rolling put options below the $90,000 support level. Near-term volatility and butterfly spreads remain elevated, while the VIX holds at 18.68, signaling that market volatility may persist through January.
The report also notes that Trump could sign an executive order on his first day in office addressing "debanking" issues and repealing controversial cryptocurrency accounting policies, potentially providing a positive catalyst for the market.
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