According to reports from Wu, QCP Capital analysis points out that despite the US ADP employment data and ISM index falling short of expectations, risk assets remain resilient. Trump criticized Federal Reserve Chairman Powell for not lowering interest rates and proposed permanently eliminating the debt ceiling.
Treasury Secretary Bessant introduced the 'Big Beautiful Bill,' supporting tax incentives for manufacturing and R&D. JPMorgan allows crypto ETFs as collateral for loans. Inflows for BTC and ETH ETFs have slowed, but the fundamentals remain solid.
ETH continues to test the 200-day moving average, and the ETH/BTC exchange rate remains around 0.025, showing relative strength. Demand for $130,000 BTC call options expiring in September has increased.
