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TechFlow news: QCP Capital commented that the spot price of Bitcoin has stabilized, showing solid support around $54K, and market panic has subsided. Today's U.S. employment data showed downward revisions for April and May, confirming Powell's disinflation trajectory and the possibility of earlier rate cuts, increasing the likelihood of rate reductions in September and December.
QCP Capital posted: Bitcoin spot price has stabilized, showing solid support around $54K, and market panic sentiment has subsided. Today's U.S. employment data showed downward revisions for April and May, confirming Powell's disinflation trajectory and the possibility of earlier rate cuts, with increased odds of rate cuts in September and December.
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