Based on TechFlow, on November 12, QCP released a report analyzing that the U.S. Senate has passed a short-term spending bill to extend government funding through January 30, easing the immediate government shutdown risk. The bill now requires House approval and presidential signature. Markets reacted cautiously to the 'kicking the can' solution, with Bitcoin falling during U.S. trading hours before stabilizing around $103,000 in Asian markets. Meanwhile, weak ADP employment data reignited concerns over a weakening labor market, and the NFIB small business index showed declining sales expectations. Analysts expect that despite potential volatility in Q4, potential Fed rate cuts and corporate earnings performance should support risk assets and Bitcoin through year-end.
QCP: Potential Fed Rate Cuts and Earnings to Support Risk Assets and Bitcoin Through Year-End
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