QCP Capital: Market expectations for the White House crypto summit have cooled, and the focus has shifted to tonight's non-farm payrolls data


QCP Capital's latest analysis pointed out that, as the market awaits the White House cryptocurrency summit, Trump signed an executive order in advance to establish a "Strategic Bitcoin Reserve and U.S. Digital Asset Reserve." Although this move was widely expected to benefit Bitcoin, the market showed a typical "sell the news" reaction, with the price of Bitcoin dropping from $90,000 to $85,000 after the signing.