According to Odaily, Singapore-based cryptocurrency investment firm QCP Capital has reported that the spot prices of Bitcoin and Ethereum continue to fluctuate within a certain range. This is due to traders awaiting the release of the Consumer Price Index (CPI) data and the results of the Federal Open Market Committee (FOMC) meeting. The firm has expressed optimism about the results to be announced.
The anticipation of these key economic indicators has kept the cryptocurrency market in a state of suspense. The CPI data, which measures changes in the price level of a market basket of consumer goods and services, and the FOMC meeting results, which can influence monetary policy and interest rates, are both significant factors that can impact the value of cryptocurrencies.
QCP Capital, a leading player in the digital asset investment space, has expressed a positive outlook on the impending results. However, the firm did not provide specific predictions or details regarding the potential impact on Bitcoin and Ethereum prices. The firm's statement reflects the general sentiment in the cryptocurrency market, with many traders and investors closely watching these economic indicators and their potential influence on cryptocurrency values.