cryptocurrency market Despite the recent fluctuations, it continues to show signs of recovery. QCP CapitalAccording to ‘s latest market assessment, the US stock market reaching new highs may be a sign that risky assets may continue to rise. On the other hand, the situation is different in the Chinese stock market. Since the government has not announced a new fiscal incentive package, the downward trend in the market continues. The A50 Index dropped another 7 percent today, falling 17 percent in total from its last peak.
In addition, changes in expectations for the next year are also observed in the US bond market. The rate cut expectation for 2024 has been revised twice, and the market now predicts two rate cuts next year. Despite all these uncertainties, US stock exchangeThe fact that TL continues to rise shows that investors are still willing to take risks.
Memecoin Market Takes Action
One of the most talked about topics in the cryptocurrency world recently memecoinThe rise in . There is a noticeable increase in both on-chain and off-chain transaction volumes, and some investors are taking advantage of the interest in such coins and making highly leveraged transactions. Memecoins, especially those driven by popular narratives such as “hippo” or “cat”, have increased the intensity of the wind of speculation in the market.
QCP Capital, Binance And Deribit He emphasized that the funding rates of continuous futures contracts in major exchanges such as have increased in the last two weeks. This suggests that either short positions have decreased or long positions have increased. It seems that the market is becoming increasingly optimistic; However, analysts warn that excessive optimism could bring the risk of a possible correction.
Medium Term Outlook is Positive
Although uncertainties continue in the short term, QCP Capital believes that the market is still moving in a positive direction in the medium term. The company stated that they will continue to accumulate savings even if there are declines from time to time. It was emphasized that this is a period when investors should be cautious, and that it is important to act more carefully, especially when the market becomes overly optimistic.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
