According to Wu Blockchain, QCP Capital released a report stating that the Federal Reserve kept interest rates at 3.50% to 3.75%, but three officials supported a 25 basis point hike. Fed Chair Kevin Warsh also downplayed forward guidance, with the overall tone leaning hawkish. BTC briefly dropped to $63,000 before rebounding to around $64,000. The U.S. Q2 GDP annualized growth slowed to 1.5%, while June core PCE rose 3.3% year-over-year, indicating slowing growth but sticky inflation. After the FOMC meeting, short-term options implied volatility decreased, but demand for long-term downside protection remains strong. QCP believes that while BTC closed July with gains and ETH performed relatively stronger, the crypto market has yet to establish a clear direction, with future trends still primarily influenced by interest rates, liquidity, and risk appetite. https://(wublock123.com)/news/qcp-rates-liquidity-drive-crypto-market-eth-outperforms-btc-65677