QCP: Despite Weak US Data, Market Shows Resilience; Institutions Accelerate Crypto Asset Deployment
In its latest market brief, QCP Capital noted that despite the U.S. ADP employment and ISM data falling short of expectations, market risk assets remained strong, demonstrating significant resilience. Trump criticized the Federal Reserve for lagging behind the European Central Bank and called for the permanent removal of the debt ceiling, with fiscal-driven market expectations continuing to rise.
Additionally, QCP pointed out that JPMorgan has officially included crypto ETFs in its collateral system, marking a further increase in institutional acceptance of crypto assets. Several listed companies, such as K Wave Media and Treasure Global, have also announced the allocation of crypto treasuries. Circle has filed for an IPO, targeting a valuation range of $7.6 billion to $8.1 billion.
Although ETF inflows slowed in June, structural fundamentals continue to support market performance. QCP also mentioned that with the accumulation of fiscal catalysts, Bitcoin prices are expected to break historical highs, and some institutions have begun to allocate $130,000 call options for September, maintaining optimism about potential gains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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