Bitcoin Bulls Should ‘Stay The Course’ Ahead Of Federal Reserve Meeting, Says QCP Capital
QCP Capital has issued a cautious outlook for markets ahead of the Federal Reserve’s final meeting of 2024, citing potential volatility amid decreasing liquidity and technical signals for Bitcoin (CRYPTO: BTC).
The firm also noted growing optimism for crypto in 2025, fueled in part by speculation surrounding Donald Trump‘s return to office and emerging Bitcoin-related policy proposals, such as a draft Executive Order for a strategic Bitcoin reserve.
What Happened: In its market note on Wednesday, QCP Capital stated that the Fed is widely expected to announce a 25 basis point rate cut during its December meeting while maintaining a hawkish stance.
The firm anticipates the Fed’s final dot plot for the year will signal three rate cuts in 2025 but cautioned that the …
About The Author
