QCP Capital: milder CPI data could be a catalyst to break the current range
On July 11, QCP Capital posted on its official channel, "Tonight's CPI data release has attracted widespread attention. The market expects a 70% probability of a Fed rate cut in September. This optimism has been reflected in the continued rise of U.S. stocks, but not yet in the crypto market.
The milder CPI data could be a catalyst for a break from the current range, especially with the support of a spot ETF trade in Ether that could be forthcoming next week. We see a compelling risk-reward opportunity on the upside via digital options."
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.
You may also like
Data: Circle newly minted 500 millions USDC
Spot gold returns to $4,200
Data: AWE rises over 22%, SKY rises over 9%
BNB Chain: Zero-fee transfer promotion for USDC and USD1 extended until December 31
Crypto prices
More
