QCP Capital pointed out that BTC has surpassed $122,000, and ETH has risen over 21% to $4,300 in seven days, with market focus shifting to Tuesday's US CPI data. If inflation slows down, it will solidify expectations for a Fed rate cut in September, potentially pushing BTC to new highs. Despite strong upward momentum, traders are actively hedging against downside risks, with volatility increasing. Whether BTC can break through further will depend on institutional funds and Spot ETF.

BTC1.44%
ETH5.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
ForkPrincevip
· 08-11 10:05
That's too brutal, it shook my legs weak.
View OriginalReply0
CommunityLurkervip
· 08-11 10:03
The signal for suckers to enter the market has arrived.
View OriginalReply0
MeltdownSurvivalistvip
· 08-11 09:50
rise rise rise~Fed cuts interest rates get carried away
View OriginalReply0
FloorSweepervip
· 08-11 09:44
weak hands already hedging... pathetic paper traders smh
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)