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QCP Capital: The dollar is overvalued; the upcoming Consumer Price Index report might lead to a dip in the DXY.
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Bitwise's Chief Investment Officer: The recent dip in Bitcoin is temporary, and the larger bullish trajectory remains strong.
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QCP Capital predicts a potential 25 basis points cut to rates by the Federal Reserve later today, observing declining liquidity across various markets.
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Bitcoin has soared past $71K, spurred by the activities of short sellers and significant investors.
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QCP Capital expresses optimism about Bitcoin's performance in October, highlighting the upcoming CPI report as a critical determinant.
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Matrixport notes: The low funding rate of Bitcoin indicates that spot buying is driving its increase, paving the way for a market recovery.
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Bitfinex Alpha speculates that Bitcoin could bottom out between $40,000 and $50,000 following the Fed’s decision to cut interest rates.
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Federal Reserve Chairman Jerome Powell states: 'The moment for rate cuts has arrived.'
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QCP Capital warns that volatility in the crypto markets will continue until the Federal Reserve and Bank of Japan provide clear policy directions.
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Recent developments regarding USDC, Silicon Valley Bank, and Signature Bank.