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QCP: Global easing policies provide short-term support for asset prices, boosting market sentiment

Sep 24, 2024 20:27:45

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ChainCatcher news, QCP Capital's analysis points out that driven by the People's Bank of China's stimulus measures, the Shanghai Composite Index (SSE) rose 4.15% today, marking a key moment for global markets. The global easing policy will continue, providing strong support for asset prices in the short term.

In terms of cryptocurrency, this widespread bullish momentum has led to a greater increase in the price of ETH relative to BTC, with ETH/BTC rising from 0.038 last Friday to 0.0415 today. The implied volatility of ETH is 9% higher than that of BTC, indicating an upward market sentiment and higher expected volatility.

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