#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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The Analysis Company said, 'The countdown has begun for the resumption of trade wars,' revealing very critical dates!
Crypto currency and macro analysis firm QCP Capital stated in its assessment published on its official channel that market volatility has decreased for multiple reasons and that the countdown for the resumption of the trade war has begun.
According to QCP, on the macroeconomic front, the FED kept interest rates steady, in line with expectations. However, the policy committee maintained a hawkish stance by stating that short-term inflation expectations remained elevated. The statement highlighted that customs tariffs emerged as a significant upward risk factor. Officials reiterated that they would continue the "wait-and-see" strategy until the trajectory of inflation becomes clearer.
On the other hand, the markets are no longer responding as sensitively to geopolitical developments, especially the Israel-Iran tension.
However, QCP indicates that the risk of a trade war is beginning to come back to the agenda. The expiration of the European Union's tariff suspension period against the US on July 9 is emerging as a significant turning point in this regard. The US has only reached an agreement with one of more than 195 potential trading partners. As negotiations are at an impasse, the media leaks and the market's indifference to the gradual tariff steps draw attention.
QCP Capital has outlined the following critical dates:
These dates may cause periodic pullbacks in risky assets. Nevertheless, QCP indicates that its base scenario is optimistic: due to the overlap of interests between China and the USA, the likelihood of negotiations reaching a stable conclusion is higher. This could also support the rise of risky assets.
Finally, it is noted that the tendency to hedge against risk in the markets continues and expectations for a short-term correction are maintained.
*This is not investment advice.
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