According to reports from Wu, QCP Capital analysis points out that despite the disappointing U.S. ADP employment data and ISM index, risk assets remain resilient. Trump criticized Federal Reserve Chairman Powell for not lowering interest rates and proposed to permanently eliminate the debt ceiling.
Treasury Secretary Bessant launched the 'Big Beautiful Bill' to support manufacturing and R&D tax incentives. JPMorgan allows crypto ETFs as collateral for loans. BTC and ETH ETF inflows have slowed but the fundamentals remain solid.
ETH continues to test the 200-day moving average, with the ETH/BTC exchange rate maintaining around 0.025 showing relative strength. Demand for $130,000 BTC call options expiring in September is rising.
