QCP Capital: Bitcoin Navigates Macro Data Window Following Credit Testing

QCP Capital reports that Bitcoin has recovered following a period of volatility triggered by shifting Fed rate hike expectations. While ETF inflows turned to a $202 million outflow, the DXY's retreat below 99.5 supported a recovery in gold, silver, and Bitcoin. Market focus now shifts to the Treasury's long-end liquidity support operation on September 9 and upcoming inflation data, as the probability of a September rate hike fluctuates between 45% and 50% amid cooling ADP employment figures.