U.S. Producer Price Index (PPI) data has significantly impacted interest rate expectations, effectively removing the possibility of a 50 basis point rate cut according to QCP’s recent report. This shift in market dynamics has also been reflected within the cryptocurrency sector as U.S. Treasury Secretary Binance announced the government’s intention not to sell confiscated Bitcoin and their ongoing exploration of budget-neutral methods for expanding Bitcoin reserves. Bitcoin’s price, which had fallen from a high of $124,000 to $117,000, has stabilized around $119,000. Despite the current macroeconomic pressures, QCP remains confident that the upward trend in cryptocurrencies initiated this April will continue. This positive trajectory is being driven by factors such as increased payment integration, balanced sheet allocation, speculative positions, and expanding corporate adoption.