QCP: Cryptocurrency market correction does not change overall upward trend The QCP report states that the US PPI data has reduced the likelihood of a 50 basis point interest rate cut. Bitcoin has rebounded from a high of $124000 to around $119000, with the market leaning towards put options. Despite macroeconomic pressures, QCP believes that the upward trend in the cryptocurrency market since April will continue, supported by factors such as payment integration and enterprise adoption rates.