Frightening US Scenario from QCP Capital: Could End Badly for Bitcoin!
Cryptocurrency trading firm QCP Capital has prepared a weekly report for the cryptocurrency market.
The report shared by QCP Capital on April 28 included the current status of the cryptocurrency market and possible developments that may occur this week.
In the report, analysts stated that the data coming from the USA was worrying and emphasized that the GDP data coming in below expectations pointed to an economic recession.
It was stated that if GDP remains low and inflation continues, the USA may be dragged into stagflation, and this situation may negatively affect risk assets, including the cryptocurrency market.
However, it was noted that risk markets started to price in 1 interest rate cut from the USA this year, but this rate was 3 at the beginning of the year.
Emphasizing that the macroeconomic structure, geopolitical tensions and monetary policies push for a difficult process, the QCP Capital front warned that risk products may see more sales in the summer months.
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