Friday’s US nonfarm payrolls data significantly pulled down the cryptocurrency market, especially Bitcoin. While Bitcoin fell to $68,000, altcoins saw deeper declines. Could the current declines in the market be a buying opportunity? According to Singapore-based trading firm QCP Capital, yes.

In its latest assessment, QCP Capital said, “We agree that this period is a good opportunity to buy at the bottom, as markets will increasingly price in at least one Fed rate cut from here on out. It will be difficult for the US to ignore this as the rest of the world continues to cut rates.”