[Qcp Capital: The US Economy Shows Signs Of Overheating, And The Market Faces Three Major Economic Data Tests This Week] Singapore's Crypto Investment Institution Qcp Capital Issued A Statement Today That Inflation Is Suspected To Be Back, And The US Economy Does Show Signs Of Overheating. Last Friday's Non-farm Payrolls Surged By 256,000, Far Exceeding The Forecast Of 164,000. After The Release Of Macro Data Last Week, Any Rumors Of An Imminent Rate Cut Disappeared, And The Stock Market Also Fell Sharply. The Possible Tariffs In The Trump Era Have Also Raised More Inflation Concerns.
Despite The Unfavorable Macro Environment And The Lingering Rumors Of Silk Road, Cryptocurrencies Seem To Have Gained A Foothold, As The Support Levels Of $91,000 And $3,100 Currently Remain Unchanged. Implied Volatility Is Also At A Relatively Low Level And Continues To Decline, With A Slight Bearish Skew In The Front-end Market Just Before Trump's Inauguration.
Although The Volatility Market Has Not Reacted Much, Cryptocurrencies Are Not Out Of Trouble Yet. The Macro Storm Is Still Looming, With Upcoming Releases Of Producer Price Index (Jan 14), Consumer Price Index (Jan 15), And Initial Jobless Claims (Jan 16) All Likely To Add Fuel To The Fire. As The U.S. Economy Heats Up, This Week Will Be A Real Test For Cryptocurrencies To See If They Can Function As A Hedge Against Inflation