#加密市场反弹

Overnight, the US once again came to the rescue, providing much-needed support and liquidity to panicked markets, QCP Capital said in its latest analysis. This was particularly evident in the cryptocurrency space, with strong spot buying on the Coinbase order book. By the end of the US trading session, BTC recovered to $56,000 and ETH recovered to $2,500. Macro markets rebounded strongly today, with Japanese stocks rising 9% today after falling 12% yesterday. US futures also pointed to a possible rebound after the US ISM data showed an expansion in the services sector in July. It is certainly too early to draw conclusions about whether markets are returning to normal. Although the VIX index has retreated from yesterday's peak of over 65, it is still above 30. Until the Fed and the Bank of Japan provide clarity on policy, asset prices are likely to remain volatile and markets will continue to be volatile, with the Deputy Governor of the Bank of Japan expected to deliver a key update on Wednesday and the Fed to hold its Jackson Hole meeting on August 22-24. As for the rumors of an emergency rate cut, QCP believes that this is unlikely because it will seriously damage the credibility of the Federal Reserve, exacerbate market panic, and make people believe that a recession is coming. In addition, yesterday's risk-averse trend washed away a considerable portion of leverage. With prices plummeting, perhaps now is the time to consider accumulating BTC and ETH spot.