Odaily Planet Daily News QCP Capital published an article saying that the Consumer Price Index (CPI) data released by the United States last night drove a wave of risk assets to rise. The U.S. stock market hit a new high, and Bitcoin once soared to $70,000, but fell back to $67,300 this morning. The market predicts that there will be two interest rate cuts in 2024. Interest rate futures indicate that there is a 56% chance of a rate cut in September, while the second rate cut may occur in December. For the rest of the year, QCP Capital holds a structural bullish view, mainly based on the approval of the S-1 of the Ethereum ETF by institutions and expectations of rate cuts that may occur in September and at the end of the year.