QCP: Macro Space Becoming More Bullish on Risky Assets, Including Cryptocurrencies

In Bitget news, QCP released a daily report stating that all major central banks (with the exception of the Bank of Japan) are poised to inject more liquidity into the market as the Fed joins the global interest rate cutting cycle.
Over the past month, we have seen the yield spread between the 2-year and 10-year U.S. Treasuries continue to widen, rising 40 basis points to currently stand at 21 basis points. Widening spreads typically indicate optimism about economic growth, which is supportive of risk assets in the medium to long term.
On the US political front, Kamala Harris spoke positively about artificial intelligence and digital assets at her fundraiser. After her speech, we saw a rally in AI-related coins. The SEC's approval of options trading in IBIT (BlackRock's spot BTC ETF) is also indicative of the growing acceptance and demand for digital assets as an asset class.
While there is a lack of idiosyncratic cryptocurrency factors driving prices higher, the stars are coming together in the macro environment, which could drive cryptocurrency prices higher. We know how explosive cryptocurrency prices can be and with so many bullish catalysts, we think the next move higher will surprise and sideline many.