QCP Capital: The U.S. economy shows signs of overheating, and the market faces three major economic data tests this week

PANews reported on January 13 that QCP Capital, a Singaporean crypto investment institution, issued an article today saying that inflation is suspected to be back and the U.S. economy is indeed showing signs of overheating. The number of non-farm payrolls surged by 256,000 last Friday, far exceeding the forecast of 164,000. . Any talk of an imminent rate cut evaporated following the release of macro data last week, and stocks fell sharply. Possible Trump-era tariffs are also raising more concerns about inflation.

Despite the unfavorable macro environment and lingering Silk Road rumors, the cryptocurrency appears to be finding its footing as support levels of $91,000 and $3,100 currently hold. Implied volatility is also at relatively low levels and continues to decline, with only a slight bearish skew ahead of Trump's inauguration.

Despite the muted reaction from volatility markets, cryptocurrencies are not out of the woods yet. The macro storm is still looming, and the producer price index (January 14), consumer price index (January 15) and initial jobless claims (January 16) will be released soon, which may add fuel to the market fire. salary. As the U.S. economy heats up, this week will be a real test for cryptocurrencies to see whether they can perform as a hedge against inflation.