QCP Capital: Today's focus is on the release of US CPI and core CPI, which may affect the Fed's final decision

QCP Capital released a research report saying, "Bitcoin (BTC) has entered a new phase, consolidating its position as a treasury asset increasingly held by companies, governments and institutions after nearly breaking through the $90,000 mark. Demand for Bitcoin ETFs set a new record, and the market was hot, with a huge inflow of $2.28 billion in three days. After last week's US election, Bitcoin ETFs attracted $1.8 billion in funds and started this week strongly, with another $1.1 billion in net inflows. Obviously, the market is adapting to Bitcoin's new highs, and demand has never been so strong. On the other hand, the activity of Meme coins has also accelerated. DOGE soared on Tuesday night, continuing the post-election rebound after Trump announced the establishment of the "Department of Government Efficiency" (abbreviated as "DOGE"). Elon Musk and former Republican candidate Vivek Ramaswamy will lead this new department, which plans to "dismantle government bureaucracy, cut excess regulations, and streamline federal agencies." DOGE once soared nearly 20%, trading at $0.37 in the morning, and briefly touched $0.43. Since Election Day, DOGE It has risen by 153%, outperforming Bitcoin's 30% gain, and has recently surpassed XRP to jump to sixth place in market capitalization. The focus today is on the release of CPI and core CPI, which are expected to stabilize at 0.2% and 0.3% in October, and the annualized CPI is expected to rise by 2.6%. The market is pricing in the last rate cut at the December meeting with a probability of 70%, but today's CPI data, the upcoming PCE data on November 27, and possible policy changes from Trump may all affect the Fed's final decision. "