According to reports from Wu, QCP Capital analysis indicates that despite the U.S. 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 manufacturing and R&D tax incentives. JPMorgan allows crypto ETFs as loan collateral. The inflow of BTC and ETH ETFs has 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 the $130,000 BTC call options expiring in September has increased.
