QCP Capital: Weak CPI data leads to knee-jerk reactions in cryptocurrency markets
2024-08-15 12:36:09
Qcp capital representation united states cpi data in line with expecteddesk3cryptocurrencydesktopCrypto News
QCP Capital said that the US CPI data is in line with expectations, the market currently expects a 25 basis point rate cut of 62.5%, compared to 47.5% before the CPI announcement; weaker CPI data led to immediate knee-jerk reactions in stocks and cryptocurrencies, cryptocurrency rally was short-lived, the market fell in the context of the US government address to Coinbase Prime transfer 10,000 BTC and Jump sold 17,000 ETH.
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