Cryptocurrency analytics firm QCP Capital has released its latest market analysis, providing insights into recent economic data and its potential impact on crypto and traditional financial markets. According to QCP Capital, the US Core PCE data exceeded expectations, while the Nonfarm Payrolls data disappointed. Despite the weak job numbers, the market is anticipating a rate cut in November. Stocks closed positively, helped by strong earnings from Amazon, while US Treasury yields rose to a four-month high. Bitcoin reached new all-time highs ahead of Election Week, with significant inflows into Bitcoin ETFs. QCP Capital predicts a potential “sell the news” reaction in the market regardless of the election outcome.
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Analysis Company Makes Prediction for Bitcoin After the US Election: “Even If Donald Trump Wins…”
