QCP Capital: Macroeconomic volatility has eased slightly, and a shift in Federal Reserve policy may become a catalyst for Bitcoin's upward movement

ChainCatcher news, QCP Capital's latest analysis points out that although the possibility of a rate cut by the Federal Reserve this Wednesday is extremely low, any dovish signals from Powell could act as a catalyst for Bitcoin's upward momentum. As the U.S. shifts from "fiscal dominance" (government spending driving growth) to deficit reduction pushed by Trump, the burden of policy has shifted back to monetary policy. While QCP does not expect an unexpected rate cut from the Federal Reserve, dovish signals could trigger upward momentum in the market.

Macro volatility has eased slightly, with the VIX index retreating to around 20, and Bitcoin's volatility has also decreased, currently oscillating within the $80,000 to $85,000 range. In the absence of new tariff news, geopolitical issues have returned to focus. Gold prices have broken through $3,000, while Bitcoin continues to show a negative correlation.

Historically, cryptocurrency prices tend to lag behind changes in global liquidity conditions. With the possible policy shift from the Federal Reserve and a new round of stimulus measures from Europe and China, Bitcoin may welcome a new round of upward trends after this adjustment.