en.bitcoinsistemi.com
As the cryptocurrency market prepares for potential volatility, QCP Capital has published a serious analysis ahead of U.S. President Donald Trump’s tariff announcement scheduled for tomorrow.
The firm noted that Bitcoin (BTC), Ethereum (ETH) and the S&P 500 recorded their worst quarterly performance in three years, reflecting broader market uncertainty.
According to QCP Capital, over $160 billion in cryptocurrency market capitalization has been lost since Friday, signaling a rocky start to the second quarter. The sell-off was exacerbated by a sharp quarter-end pullback driven by aggressive broker sales that pushed persistent funding rates from flat to negative.
Macroeconomic data showed higher-than-expected core inflation in February, adding further pressure as consumer spending remained weak, fueling inflationary concerns. These factors contributed to an unsettled market environment as investors closely monitored upcoming catalysts.
One of the most important events in the near term is Trump’s upcoming tax announcement, which he has dubbed “Liberation Day,” and is expected to impose a sweeping set of bilateral trade tariffs. With consumer confidence falling to 12-year lows and stock markets down 4-5% for the week, QCP Capital warns that aggressive trade measures could stoke recession fears and further depress risk assets.
However, the firm also noted that political events often leave room for readjustment and that a softer-than-expected tariff policy could provide temporary relief to markets.
Market volatility remains a major concern, with the VIX index hovering at 22, signaling continued nervousness in equities. In contrast, cryptocurrency volatility has defied the recent sell-off, falling despite the sharp pullback and Friday’s major liquidation event.
QCP Capital observed that trading activity on its desk trended upward as Asian markets opened, with traders taking positions in higher BTC price ranges ($85,000-$90,000) and selling downside risk at $75,000, likely indicating a recovery in Q2.
While April has historically been a strong month for cryptocurrencies, QCP Capital remains cautious. With macroeconomic uncertainties and regulatory risks still lingering, the market could see volatile price action as traders await clearer direction.
*This is not investment advice.