Crypto Faces Caution and Rate Cuts Delay: QCP Capital Highlights Market Risks

QCP Capital has observed a shift in global market expectations, with the 10-year Treasury yield rising to 4.8%, its highest level since 2023.

Markets now predict no rate cuts before October 2025, contributing to a 1.5% drop in equity futures and a temporary dip in bitcoin prices below $90,000. Despite this, bitcoin rebounded above $95,000. QCP warns of persistent high-interest rates and increased volatility, while noting a cautious atmosphere in the cryptocurrency market. However, the firm points to potential optimism, including opportunities from possible regulatory changes and growing accumulation of bitcoin by smaller investors, known as “Shrimps,” who are amassing 17,600 BTC monthly.

Clever Robot News Desk 16^th January 2025