Dated September 25 QCP Capital According to the report, the macroeconomic environment continues to give positive signals for risky assets, including cryptocurrencies. Central Bank of China (PBoC) announced a series of measures to revive the property market and the low stock market. Following these steps, the Chinese A50 index gained 8 percent. In addition, the PBoC introduced a unique swap mechanism worth 500 billion yuan, which allows non-bank financial institutions to buy Chinese stocks.
Steps from China to Support the Economy
The PBoC’s latest moves suggest that more expansionary moves may be coming. This, US Federal ReserveCombined with the Fed joining the global interest rate cutting cycle Bank of Japan This means that all major central banks except the (BoJ) will provide more liquidity to the market. This could increase risk appetite in the markets and cryptocurrenciesa may increase demand.
In the last month US 2-year and 10-year treasury yields The difference between the two (2s10s spread) increased by 40 basis points to 21 basis points. This widening in the yield curve generally reflects positive expectations for economic growth, which can be considered as a supportive factor for risky assets in the medium and long term.
USA and Cryptocurrencies
On the other hand, QCP also noted that there was significant movement in the US political arena. Vice President Kamala HarrisIt was noted that he made positive speeches about artificial intelligence and cryptocurrencies at fundraising events. Following these speeches, there was an increase in the prices of cryptocurrencies related to artificial intelligence.
At the same time U.S. Securities and Exchange Commission (SEC), IBIT Bitcoin 
$63,882 ETF option transactions were approved. This development shows that the level of acceptance and demand for cryptocurrencies as an investment class is increasing.
QCP underlined that although there is no sector-specific element that will trigger a rise in cryptocurrencies, macroeconomic conditions are combining positively and could lead to an increase in prices. CryptocurrencyIt was added that stocks are assets known for their sharp price movements and with so many bullish catalysts, the next price rally could catch many people off guard and important opportunities could be missed.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
