against Blockchain firm Paxos and exchange Binance’s BUSD stablecoin, it warned, could be the tip of the iceberg when it comes to U.S. regulatory policy.
“As the regulatory hammer is still out against the industry , the upside on crypto's market cap looks even more subdued from that perspective now,” it wrote.QCP continued that there was a mismatch between expectations and reality when it comes to the Federal Reserve lowering interest rates despite inflation notionally subsiding.
“In the rates market, we are now pricing a 5.2% terminal rate followed by a 30bp cut by December 23, a monumental step-up from the 4.9% terminal and 50bp cut just 2 weeks ago,” the report highlighted. “Risk assets have clearly not adjusted to this increase in rate expectations, and we expect today's print to bring all markets in line - whether it is an outsized equities sell-off or a rates rally .”
The Fed is not due to convene a rate change meeting until the third week of March, with another CPI print due before then.The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to expand beyond $21,800 ahead of the United States Consumer Price Index (CPI) print for January.
Bitcoin 🚀
Well, either outcome seems fine. Still will be able to buy BTC at a nice price.
Well it has potential to go up and potential to go down. Can I be quoted in the article now?
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