[QCP: Market Focuses on Fed Rate Decision, Crypto Assets Outperform U.S. Stocks in July] BlockBeats News, July 27 — QCP Capital released its latest Market Colour report, stating that U.S. stock markets showed mixed performance last Friday. The S&P 500 Index rose 0.05% to 7412 points, the Nasdaq Index fell 0.64% to 24976 points, and the Dow Jones Index increased 0.46% to 51947 points. Market attention remains focused on interest rate trends. The report noted that the U.S. 10-year Treasury yield fell back to approximately 4.67% last Friday, after previously reaching its highest level since January 2025. Weak oil prices provided some support for yields. Meanwhile, the U.S. Dollar Index (DXY) remained stable, hovering around 101.4. The market is currently focused on the Federal Reserve's FOMC rate decision to be announced this Wednesday. While the market broadly expects the federal funds target range to remain unchanged, investors will closely watch the policy statement and remarks from Federal Reserve Chair Warsh to assess officials' latest views on inflation and economic growth prospects. In the crypto market, QCP stated that despite pressure from the macro environment, digital assets overall performed better than traditional stock markets in July. As of now, BTC and ETH have risen approximately 11.6% and 24.6% this month, respectively, demonstrating market resilience. However, U.S. spot BTC and ETH ETF fund flows have recently cooled. On July 24, U.S.-listed spot BTC and ETH ETFs saw a combined net outflow of approximately $311 million, ending a prior seven-day streak of fund inflows. QCP emphasized that ETF fund flows remain an important indicator of institutional participation and market sentiment. Additionally, the market continues to monitor developments in U.S. digital asset regulation, with the proposed CLARITY Act remaining a key focus for the crypto market. In the options market, recent data shows that investors are increasing demand for downside protection, reflecting a renewed focus on hedging after adjustments in risk assets. Short-term implied volatility for ETH options remains higher than BTC, and perpetual contract funding rates are holding positive, indicating that overall market positioning remains bullish. However, investors are hedging against short-term macro uncertainties. [Original Link]