TechFlow News — QCP Capital has released its latest market analysis, noting that the latest U.S. CPI data came in line with expectations, with core CPI rising slightly to 0.3% month-on-month, exceeding the projected 0.2%.
This has increased the probability of a 25-basis-point rate cut by the Federal Reserve to 85%, the highest level in a month.
In the cryptocurrency market, Bitcoin has rebounded from intraday losses, reclaiming the $57,000 level, reflecting strong demand and an increasingly bullish outlook.
Options market activity supports this sentiment, with growing demand for call options expiring between October and December. Bitcoin volatility dropped by 12 points this week, primarily influenced by the CPI release and the presidential debate. With no major macro events expected in the near term, QCP Capital anticipates further declines in volatility ahead of next week’s FOMC meeting. The firm believes the market is gaining momentum, supported by favorable upcoming events such as anticipated rate cuts and the U.S. presidential election.
