QCP Capital: Cryptocurrency market volatility is expected to soar as the US presidential election approaches

Mars Finance News, QCP Capital posted on its official channel that the Federal Reserve announced a 50 basis point rate cut and plans to cut interest rates twice more this year and four times in 2025. Although Powell was vague about the magnitude and rhythm of subsequent rate cuts, all eyes will be on the upcoming labor data for relevant instructions. The recession indicator, the US 2-year/10-year Treasury spread, has been inverted since July 2022, but recently rebounded to +8 basis points, reflecting market optimism and a shift to risky assets. The S&P 500 tried to set a new high but closed down after the FOMC meeting. In options, implied volatility fell sharply after the FOMC meeting, with Bitcoin's volatility falling by 19 basis points and Ethereum falling by 18 basis points. After the FOMC meeting, Bitcoin rose from $59,000 to $62,000. We expect volatility to soar as the US presidential election day approaches, just after the next FOMC meeting.