According to PANews, Singapore-based crypto investment firm QCP Capital has commented on the recent Federal Reserve meeting minutes, which revealed a hawkish stance, casting doubt on the Fed's success in combating inflation. Coupled with last Friday's robust employment data, the market has increased the likelihood of a 25 basis point rate cut in November from 67.9% to 83.7%. Tonight's Consumer Price Index (CPI) and tomorrow's Producer Price Index (PPI) data are key risk events for this week. Additionally, major bank earnings reports, such as those from JPMorgan Chase (JPM) and Wells Fargo (WFC), are crucial for assessing the strength of the U.S. economy amid cooling inflation. Despite the U.S. stock market indices rising last night, with the S&P 500 hitting a new high, the cryptocurrency market did not share the same optimism. Selling pressure re-emerged, possibly influenced by news of Bitcoin sales from Silk Road and Ethereum sales from PlusToken. As long as the critical support level of 60,000 remains intact, QCP Capital remains optimistic about 'Uptober' (October's upward trend). Given the market's expectation of further rate cuts, the firm prefers to lock in gains at these subdued spot levels and prepare for a year-end rally.