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QCP Asia: US Government Shutdown Expected to End This Week, BTC Maintains Stability Amid Macro Volatility
Summary: According to reports, QCP Asia stated in its latest market report that the US Senate has passed a temporary funding bill to extend the government shutdown until January 30 next year. Polymarket prediction markets show a 96% probability of the shutdown ending before mid-November. The report indicates that despite volatility in the US market, BTC ...
According to reports, QCP Asia stated in its latest market report that the US Senate has passed a temporary funding bill to extend the government shutdown until January 30 next year. Polymarket prediction markets show a 96% probability of the shutdown ending before mid-November.
The report indicates that despite volatility in the US market, BTC remains stable around $103,000 during the Asian session. ADP and NFIB data both show signs of a slowdown in the labor market, and the Federal Reserve may maintain a 'cautiously accommodative' path before the December policy meeting.
QCP Asia points out that current tariff tensions and credit fluctuations continue to cause market volatility, but expectations of a potential rate cut and stable corporate earnings may support the performance of BTC and risk assets until 2026.
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Link: QCP Asia: US Government Shutdown Expected to End This Week, BTC Maintains Stability Amid Macro Volatility [Copy]
