Title: QCP Capital Report: BTC Upward Trend Unaffected by ASML Report, Trump’s Election Probability Boosts Crypto Assets
QCP Capital’s latest report reveals that despite the U.S. stock market’s decline due to the corporate earnings season and ASML’s expected slowdown in chip demand, BTC remains above $65,000 and exceeds $67,000. The report suggests that the upward trend of BTC is not affected by the semiconductor stocks’ fall, such as NVDA and AMD. Furthermore, QCP Capital anticipates that as global central banks enter a rate-cutting cycle, market liquidity will increase, driving risk assets to rise. The European Central Bank is expected to cut interest rates by 25 basis points tomorrow, the Central Bank of China continues to maintain a loose stance, and the Federal Reserve is expected to cut interest rates twice this year and four times in 2025. Additionally, the report highlights that the market expects Trump’s encryption policy to be more friendly than Harris’s, which has further strengthened the positive correlation between crypto assets and Trump’s victory.
