QCP Capital, a Cryptoasset investment organization in Singapore, announced that as predicted, the FOMC meeting of the US Federal Reserve kept interest rates unchanged. This demonstrates the strength of the US economy, tight labor market, and inflation above the 2% target. Despite trade tensions due to Trump's tariff plan, Chairman Powell remains cautious, not specifying the number of rate cuts this year.
The market had priced in expectations of a 25 basis point rate cut in July, September, and October. Trump suggested a large trade deal, making the market optimistic; the United Kingdom could be a potential trading partner. These speculations caused price fluctuations in many assets, and Cryptoassets quickly reacted positively.
Bitcoin increased by 2.74%, surpassing the psychological level of 99,000 USD. Ethereum also rose strongly by 6.89% in the Asian trading session, breaking out of the three-week trading range between 1,700 USD and 1,900 USD. In the options market, demand increased significantly for Call Options, especially those expiring in May and June. This indicates growing optimism as traders position themselves for price increases in an improving macroeconomic context.
Looking at the US market opening, everyone is concerned about whether this price increase will continue. QCP maintains a cautious attitude. Until Bitcoin closes stably above 100,000 USD, chasing the current price will yield limited profits.
This content only provides market information and does not constitute investment advice.
