QCP Capital Provides Market Analysis Following Federal Reserve Decision! What’s Next for Bitcoin and Ethereum? Here’s the Latest
Recent data on the Consumer Price Index (CPI) has had a significant impact on risk assets, leading to a surge in US stock prices to record highs. The market is currently anticipating two interest rate cuts in 2024, with a 56% chance of a cut in September and another one in December.
QCP Capital’s most recent market update sheds light on the potential actions of the Federal Reserve and their implications on the market. The uncertainty surrounding the Federal Reserve’s dot plot makes it challenging to determine whether there will be one or two rate cuts this year.
While QCP Capital foresees a rate cut in September, they believe that the Federal Reserve will take a cautious approach in subsequent meetings in November and December. Despite the uncertainties, QCP maintains a positive outlook for the rest of the year, driven by the expected approval of the ETH ETF S-1 and potential interest rate cuts later in the year.
As the market reacts to economic indicators and Federal Reserve policies, QCP Capital remains bullish on risk assets, particularly Bitcoin and Ethereum. Investors are advised to strategically position themselves to maximize potential gains in the changing financial landscape.
*Please note that this is not investment advice.
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