Mars Finance News: QCP Capital's Latest Report

QCP Capital's latest report points out that the US CPI data released last night met expectations. Core CPI rose slightly to 0.3% month-over-month, higher than the estimated 0.2%. This has increased the probability of the Fed cutting interest rates by 25 basis points to 85%, the highest level in a month.

In the crypto market, BTC rebounded from its intraday low, reclaiming the $57,000 level, indicating strong demand and a growing bullish sentiment. Option activity reflects this, with more and more investors buying call options expiring between October and December.

This week, BTC volatility dropped by 12 points due to the CPI data release and the impact of the presidential debate. With no major macro events on the horizon, we anticipate volatility to continue declining before the Fed meeting next week.

Given significant economic tailwinds such as the upcoming interest rate cut and the US presidential election, the market is building momentum.