QCP Capital: Mild CPI could support rebound in stocks and crypto assets

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QCP Capital's latest report pointed out that Bitcoin rebounded to 60,000 yesterday and stabilized at this level, completely reversing the decline last Monday. Even when Bitgo transferred $2 billion worth of Mt. Gox Bitcoin last night, BTC continued to rise, which may indicate that the market is beginning to ignore this supply factor. At the same time, the Ethereum spot ETF continues to attract capital inflows, with a net inflow of $24.3 million on Tuesday. The US PPI data released last night was milder than expected, and the market expects the Federal Reserve to cut interest rates by 50 basis points in September with a probability of 52.5%. Tonight's US CPI data has attracted much attention, and a mild CPI may support the rebound of stocks and crypto assets.

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