The release of US inflation reports on 14–15 January could stoke risk appetite across global markets, supporting bitcoin, according to QCP Capital.
Asia Color — 14 Jan 25
1/ Global markets are recalibrating as the Fed signals a prolonged higher-rate environment.
The 10Y yield surged to 4.8%, its highest since late 2023. Markets now expect no rate cuts until October. While, equities futures dropped 1.5%, pulling #Bitcoin…
— QCP (@QCPgroup) January 14, 2025
Analysts say current pricing assumes a longer spell of tight monetary policy by the Fed, with a possible rate hike still on the table. That leaves room for “positive surprises”.
In bitcoin options, activity has increased in puts with strikes below the key $90,000 support. Implied-volatility gauges and the equity market’s VIX fear index point to continued turbulence through January.
Experts also expect support from the US president-elect after the inauguration. In their view, on his first day in office Donald Trump will sign orders to remove barriers to banks serving crypto firms and to regulate the accounting of digital assets. That could be a bullish catalyst.
Earlier, QCP Capital specialists described US macroeconomic trends as favourable for digital gold.
Earlier, Fundstrat co-founder Tom Lee said $90,000 is a good entry point for bitcoin.