{"id":17580,"date":"2024-10-07T16:03:24","date_gmt":"2024-10-07T13:03:24","guid":{"rendered":"https:\/\/forklog.com\/en\/qcp-capital-highlights-inflation-datas-impact-on-bitcoins-trajectory\/"},"modified":"2024-10-07T16:03:24","modified_gmt":"2024-10-07T13:03:24","slug":"qcp-capital-highlights-inflation-datas-impact-on-bitcoins-trajectory","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/qcp-capital-highlights-inflation-datas-impact-on-bitcoins-trajectory\/","title":{"rendered":"QCP Capital Highlights Inflation Data&#8217;s Impact on Bitcoin&#8217;s Trajectory"},"content":{"rendered":"<p>Consumer inflation data in the United States on October 10 will determine the Federal Reserve&#8217;s next move following its November meeting, according to QCP Capital.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">5\/ Read more about the week ahead here: <a href=\"https:\/\/t.co\/EnPoo2suiA\">https:\/\/t.co\/EnPoo2suiA<\/a><\/p>\n<p>\u2014 QCP (@QCPgroup) <a href=\"https:\/\/twitter.com\/QCPgroup\/status\/1843230026902425796?ref_src=twsrc%5Etfw\">October 7, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Experts noted that a strong employment report on October 4 led to a reduction in expectations for policy easing from 50 basis points to 25 basis points. Discussions around &#8220;Uptober&#8221; have formed strong support for Bitcoin around the psychological level of $60,000, they added.<\/p>\n<p>Despite a challenging start to the previous week, the options market indicates bullish sentiment for the fourth quarter. This is evidenced by the purchase of December call options with expirations ranging from $75,000 to $95,000.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cGiven the anticipated further rate cuts and Bitcoin&#8217;s correlation with equities, we are optimistic about a strong October,\u201d<\/em> the experts emphasized.<\/p>\n<\/blockquote>\n<p>Analysts at UBS forecast that China will announce a new stimulus package between October 8 and 18, amounting to 1.5-2 trillion yuan ($213-285 billion), with an additional 8 trillion yuan ($1.14 trillion) in 2025.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"wublockchainenglish\/14866\" data-width=\"100%\"><\/script><\/p>\n<p>In the early hours of October 7, the price of the leading cryptocurrency approached $64,000 following positive U.S. labor market data.<\/p>\n<p>Earlier, NYDIG identified factors contributing to Bitcoin&#8217;s continued rally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumer inflation data in the United States on October 10 will determine the Federal Reserve&#8217;s next move following its November meeting, according to QCP Capital. 5\/ Read more about the week ahead here: https:\/\/t.co\/EnPoo2suiA \u2014 QCP (@QCPgroup) October 7, 2024 Experts noted that a strong employment report on October 4 led to a reduction in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1224,1326],"class_list":["post-17580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-macroeconomics","tag-qcp-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17580"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17579"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}