QCP Capital highlighted in its recent market brief that despite weaker-than-anticipated US ADP employment and ISM figures, risk assets have maintained robust momentum, underscoring notable market resilience. Meanwhile, former President Trump criticized the Federal Reserve for trailing the European Central Bankās policy stance and advocated for the permanent removal of the debt ceiling, intensifying discussions around fiscal dominance in the financial landscape.
Institutional adoption of cryptocurrency continues to gain traction, as evidenced by JPMorgan Chaseās inclusion of a crypto ETF within its collateral framework, signaling growing confidence in digital assets. Publicly listed firms such as K Wave Media and Treasure Global have also disclosed crypto treasury allocations, reflecting a broader trend of corporate crypto integration. Additionally, Circleās IPO filing targets a valuation between $7.6 billion and $8.1 billion, marking a significant milestone in the crypto sectorās maturation.
Although ETF inflows have decelerated in June, underlying structural factors remain supportive of market strength. QCP further noted that accumulating fiscal stimuli could propel Bitcoin prices beyond previous highs, with institutional investors positioning for upside by acquiring $130,000 call options for September, indicating sustained optimism in the cryptocurrency marketās growth potential.