Crypto rebound fragile as market awaits key CPI data, says QCP Capital

Although the cryptocurrency market has shown a modest recovery recently, the positive sentiment may be short-lived, according to an analysis by QCP Capital. The firm noted that while the market rebounded on hopes of an end to the U.S. government shutdown, concerns such as the U.S.-China tariff conflict and increased volatility in credit markets persist, Decrypt reported. QCP Capital believes the release of the U.S. Consumer Price Index (CPI) for October, scheduled for Thursday, will likely drive market sentiment for the remainder of the year. In this environment, the Federal Reserve's stance on continued interest rate cuts and corporate earnings will also influence the price of BTC.