Market Momentum Building: Latest Dynamics in Crypto Markets and Options Trading
Publication Time:2024-09-12 21:46:09
The latest QCP Capital report reveals that with the release of the US CPI data last night, which met expectations, the core CPI rising by 0.3% on a monthly basis, this outcome has increased the possibility of the Federal Reserve cutting interest rates by 25 basis points to its highest level in a month, reaching 85%. In the crypto markets, this positive signal was swiftly reflected in Bitcoin's (BTC) performance, with BTC prices recovering from intraday lows, regaining its key position at $57,000, indicating strong market demand and an increasingly upward sentiment. At the same time, options activity also showed a positive trend, with more investors opting for call options expiring between October and December, further highlighting the market's optimistic outlook for future trends. This week, due to the impact of the CPI data release and the presidential debate, Bitcoin's volatility saw a slight decrease, reducing by 12 points. Given the absence of significant macroeconomic events recently, it is expected that market volatility will remain low leading up to the Fed meeting next week. However, considering the upcoming interest rate cuts and the significant economic benefits associated with the upcoming US presidential election, the market is gradually accumulating momentum, signaling potential positive changes in the future.
Federal Reserve
bitcoin (BTC)
Crypto Markets
CPI data
options trading