BlockBeats news, on October 10, QCP Capital posted on its official channel that the Fed's meeting minutes showed a less dovish tone, calling into question the victory against inflation. Last Friday's strong non-farm payrolls data raised market expectations for a 25 basis point rate cut in November from 67.9% to 83.7%.

Tonight's CPI and tomorrow's PPI data will be key risk events this week. In addition, the earnings reports of major banks will also be a key factor in assessing the strength of the US economy in slowing inflation.

Although US stock indexes rose last night and the S&P 500 hit a new high, the crypto market did not rise in sync. Selling pressure intensified due to news of Silk Road and PlusToken sell-offs. As long as Bitcoin holds the key support level of $60,000, we remain optimistic about the "Uptober" market.