QCP Capital: Crypto markets remain independent under Fed rate cut expectations

According to BlockBeats, QCP Capital released a report saying that after non-farm employment data were inferior to expectations, stock futures rose, and two-year U.S. Treasury yields fell to a new year low. The market bets on a 72 basis point rate cut this year. However, expectations of a Fed rate cut have not affected the crypto market. Despite the rebound in stock markets and gold hit new highs, cryptocurrencies continued to consolidate sideways. Risk reversal indicators show a surge in demand for put options, but there are also opinions that this shows resilience of crypto assets. QCP Capital pointed out that the market performed cautiously before the release of U.S. inflation data, with high short-term implied volatility. If inflation data is higher than expected, it may complicate the Fed's path to cut interest rates. The Trump administration is less likely to escalate trade frictions.