BlockBeats News, June 5th, QCP Capital pointed out in its latest market brief that despite the US releasing lower-than-expected ADP employment and ISM data, market risk assets continue to show strong performance, demonstrating extreme resilience. Trump criticized the Fed for lagging behind the ECB, calling for a permanent debt ceiling removal, and the market's expectation of fiscal dominance continues to heat up.
In addition, QCP noted that JPMorgan Chase has officially included a crypto ETF in its collateral system, marking a further increase in institutional acceptance of crypto assets. Several publicly traded companies (such as K Wave Media and Treasure Global) have also announced crypto treasury allocations. Circle has filed for an IPO with a target valuation range of $7.6 billion to $8.1 billion.
Despite the slowing inflow of ETF funds in June, the structural fundamentals continue to support market performance. QCP also mentioned that with the accumulation of fiscal catalysts, the Bitcoin price is expected to break its all-time high, as some institutions have started to allocate $130,000 call options for September, remaining optimistic about the potential upside.
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