QCP: Yesterday’s Fed meeting minutes revealed a less dovish tone.
Combined with last Friday’s strong payroll data, market has increased their bets of a 25bps rate cut in November to 83.7% chance from 67.9% last week.
While US equities indices rallied last night with the S&P 500 notching a new high, the same level of optimism was not seen in crypto as selling pressures reignited, possibly due to news of more Silk Road BTC selling and PlusToken ETH selling.
Source: Wu Blockchain News
