QCP Capital: No major catalyst before the FOMC meeting, the crypto market may continue to fluctuate in the $102,000 range

Odaily News QCP Capital published an analysis saying that even though the SEC announced the establishment of a cryptocurrency regulatory task force, the market continued to fall, with BTC falling below $106,000 and currently hovering around $102,000. XRP and SOL rose 3.4% and 4.1% respectively after screenshots of the Chicago Mercantile Exchange (CME) webpage offering XRP and SOL futures were leaked. Although CME later clarified that the leaked webpage was a mistake and no decision had been made on XRP or SOL futures contracts, the creation of such a webpage may indicate that the launch of these contracts is imminent.
On the options front, there is growing interest in the $95,000 strike for this January as the market scrambles for downside protection after BTC lost momentum during yesterday’s U.S. trading session.With no major catalysts ahead of next week’s FOMC meeting, the crypto market is likely to continue to be range-bound.