Wu said that QCP Capital said in a statement that the main point after yesterday's FOMC meeting was that the Fed was clearly leaning towards dovishness, and the September rate cut had been fully digested by the market. However, the rise in the stock market has not been transmitted to the cryptocurrency market. The crypto market saw a general sell-off last night and this morning, and market sentiment was tense, with traders closely watching the daily ETH ETF outflows and further supply pressures from Mt Gox and the US government. In the long run, the discussion between US presidential candidates and senators on the establishment of sovereign Bitcoin reserves, and the potential for other countries to follow suit, could fundamentally change the cryptocurrency landscape. The market may remain range-bound until the next catalyst arrives.