QCP Capital: With no major catalysts ahead of next week’s FOMC meeting, crypto markets may continue to range-bound
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2025-01-23 18:02 5,755
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Golden Finance reported that QCP Capital issued an analysis saying that even though the U.S. Securities and Exchange Commission announced the establishment of a cryptocurrency regulatory working group, the market continued to fall, with BTC falling below $106,000 and currently hovering around $102,000. XRP and SOL gained 3.4% and 4.1% respectively after a screenshot of the Chicago Mercantile Exchange (CME) web page offering XRP and SOL futures leaked. While CME later clarified that the leaked webpage was a mistake and that no decision had been made regarding XRP or SOL futures contracts, the creation of such a webpage could be an indication that the launch of these contracts is imminent.
On the options front, there is growing interest in this January’s $95,000 strike as the market scrambles for downside protection after BTC lost momentum during yesterday’s US trading session. With no major catalysts ahead of next week’s FOMC meeting, the crypto market is likely to remain range-bound.