QCP Capital: Investors Eagerly Await US Tariff Policy Announcement as Asia Sees Promising Trading Activity

Based in Singapore, this cryptocurrency trading firm QCP Capital has published a comprehensive analysis of the crypto market, revealing that Bitcoin, Ethereum, and the S&P 500 have all witnessed their most disappointing quarterly performance in three years. Their findings show that over $160 billion in cryptocurrency market cap has evaporated since Friday, indicating a difficult beginning to the second quarter as the market struggles to reclaim its bullish stance.

The notable decline observed last Friday was primarily triggered by a significant options expiry event at the quarter's end, during which intense selling from dealers caused perpetual futures funding rates to shift from neutral to negative. This widespread deleveraging coalesced with macroeconomic indicators that intensified the downward pressure. Core inflation data for February exceeded expectations, fueling anxieties about enduring inflation pressures, while consumer spending remained lackluster.

As we look to the future, market players are now zeroing in on the next possible catalyst. On April 2nd, former US President Donald Trump plans to announce what he refers to as \"Liberation Day,\" a day on which he intends to introduce a broad range of reciprocal tariffs.

This announcement comes amidst a backdrop of intensified economic uncertainty. With consumer confidence plummeting to levels not seen in 12 years and equity markets already grappling with a 4-5% decline for the week, there are fears that an extensive tariff strategy could worsen recession concerns and provoke additional sell-offs in risk assets. Nonetheless, political developments often provide opportunities for adjustments, and a more cautious implementation of tariffs could potentially alleviate some market pressures.

QCP Capital highlighted that volatility indicators are sending mixed signals. The Cboe Volatility Index (VIX), which tracks stock market volatility, remains elevated at 22, indicating persistent uncertainty in equities. Surprisingly, cryptocurrency volatility has stayed relatively calm despite recent bearish trends. On QCP's trading desk, there appears to be a cautiously optimistic sentiment as markets opened in Asia, with traders gearing up in hopes of a market rebound. Some buyers are taking positions on BTC hitting between $85,000 and $90,000 while hedging downside risks at around $75,000, suggesting a preference for a more stable market initiation. second quarter .  

Historically, the month of April has proven to be fruitful for cryptocurrencies, yet QCP Capital advises caution. The firm anticipates that the market will likely trade sideways for a bit as investors remain mindful of ongoing macroeconomic risks while seeking a clearer path forward.

Beyond Trump's anticipated tariff declaration, there are several significant economic events set for this week that may contribute to further market fluctuations. The ISM Manufacturing Purchasing Managers’ Index (PMI) and the JOLTS Job Openings report set for April 1st will shed light on economic activities, followed by the ISM Services PMI on April 3rd, and the crucial Non-Farm Payroll (NFP) report, unemployment rates, and a speech from Chair Jerome Powell on April 4th, which are all expected to sway market sentiments. Bitcoin Surpasses $84,000, While Ethereum Rises 3.94% As of now, BTC is valued at $84,324, marking a 2.67% rise over the last 24 hours. The cryptocurrency peaked at $84,456 during this timeframe and touched a low of $81,885. Federal Reserve ETH is currently priced at $1,878, reflecting a 3.94% increase in the same period. Its highest recorded price within the past day was $1,888, whereas it saw a low of $1,804.

The overall market capitalization of cryptocurrencies now stands at an impressive $2.72 trillion, indicating a 2.89% uptick since the previous day. In addition, the total trading volume across the crypto market has surged by 22.30% in the last 24 hours, reaching $77.07 billion, as reported by CoinMarketCap.

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Alisa, a passionate journalist for Cryptocurrencylistings, immerses herself in the realms of cryptocurrency, zero-knowledge proofs, investments, and the vast expanse of Web3. With a sharp focus on emerging trends and evolving technologies, she provides in-depth reporting that engages and informs readers who navigate the dynamic world of digital finance.

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