BlockBeats news, on September 12, QCP Capital’s latest report pointed out that the US CPI data released last night was in line with expectations, and the core CPI rose slightly to 0.3% month-on-month, higher than the estimated 0.2%. This has increased the probability of the Fed’s 25 basis point rate cut to 85%, the highest level in a month. In the crypto market, BTC rebounded from its intraday low and re-entered $57,000, showing strong demand and increasingly bullish market sentiment. Options activity reflects this, with more and more investors buying call options expiring in October to December.
This week, BTC volatility fell by 12 points due to the release of CPI data and the impact of the presidential debate. With no major macro events in the near future, we expect volatility to continue lower ahead of next week’s Fed meeting. Markets are gathering momentum given significant economic positive events such as upcoming interest rate cuts and the U.S. presidential election.
