Bitcoin Falls to $82,800, QCP Cites Geopolitical and Macro Data Pressure

Odaily News: QCP stated that on Monday, September 28, global markets opened under pressure across multiple asset classes, with investors reducing risk exposure. Nasdaq 100 futures fell from 744.45 to 737.76 in pre-market trading, gold dropped from $4,260 to $4,147, Bitcoin declined from $84,500 to $82,800, and the dollar index also weakened, reflecting broad deleveraging rather than a safe-haven repositioning.

QCP noted that the U.S. rejected a proposed ceasefire condition regarding the Strait of Hormuz over the weekend, reigniting market concerns about energy supply disruptions and pushing Brent crude higher. This week will see the release of the PCE price index and nonfarm payrolls report, with markets watching for their impact on expectations for further monetary policy adjustments.