According to QCP (@QCPgroup), while markets are currently pricing in the first Federal Reserve rate cut by July, their analysis suggests a more probable scenario of the cut occurring in September. QCP further notes that expectations for 2025 have shifted from four cuts to just two, signaling a more cautious and measured Fed policy stance. For crypto traders, this signals potential for sustained volatility in Bitcoin and altcoins as interest rate uncertainty persists. The delay in rate cuts could postpone bullish momentum in risk assets, including cryptocurrencies, with market participants likely to adjust positions as new data emerges. (Source: QCPgroup Twitter, May 14, 2025)