Cryptocurrency market experiences decline prior to release of important economic data

QCP Capital, a trading company based in Singapore, sees the recent decline in prices after the release of the U.S. employment report as a chance to buy. They believe that the Federal Reserve might find it difficult to maintain high interest rates, especially as other central banks such as the European Central Bank and Bank of Canada have already started reducing rates. The potential increase in market liquidity resulting from these rate cuts by central banks could lead to a rise in demand for cryptocurrencies.