PANews reported on August 17 that QCP Capital pointed out in its latest report that it remains constructive and optimistic before the end of the year. A particularly encouraging factor is that the market digested various "supply shock" news for BTC and ETH this week. After Jump canceled the pledge and sold ETH in this round, the market even rebounded. The following comments were made on the market this week:
The current market macro sentiment has improved, and the slowdown in US inflation has boosted market confidence, pushing the stock market back to historical highs. The continued interest rate cuts by major central banks such as the Reserve Bank of New Zealand have strengthened the global monetary easing trend;
The market is still concerned about the possible selling pressure from the US government address, which transferred 10,000 BTC (about $591 million) related to the Silk Road law enforcement action to the Coinbase wallet. Although there is no confirmation of the sale, the market remains vigilant about the remaining 200,000 BTC and other crypto assets in the wallet;
Musk disappointed the market by not discussing cryptocurrency at all during his 2-hour interview with Trump.
