On May 8, Singapore-based crypto investment firm QCP Capital stated that, as expected, the Federal Reserve's FOMC meeting last night maintained interest rates unchanged, reaffirming the resilience of the U.S. economy, a tight labor market, and inflation slightly above the 2% target. Despite trade tensions sparked by Trump's tariff plans, Fed Chair Powell remained cautious, stating that the cost of patience is low and did not specify the number of rate cuts this year, with guidance postponed to the June meeting. However, the market has already priced in expected rate cuts of 25 basis points each in July, September, and December. Early this morning, Trump hinted at reaching a major trade deal, sparking a wave of risk appetite, with speculation that the UK might be a potential trade partner. Although the statement lacked details, the mere prospect was enough to cause fluctuations in asset prices.

Crypto assets responded swiftly and positively. Bitcoin rose by 2.74%, decisively reclaiming the psychological threshold of $99,000. Meanwhile, Ethereum surged by 6.89% during the Asian trading session, breaking out of its three-week consolidation range between $1,700 and $1,900. In options trading, there was a notable increase in demand for call options, particularly those expiring in May and June. This flow of funds indicates that optimism is growing as traders position themselves for further gains amid an improving macro backdrop. Looking ahead to the U.S. market opening tonight, all eyes will be on whether this rally can be sustained or if a typical "buy the rumor, sell the news" pullback will occur once trade partners are officially confirmed. Currently, QCP remains tactically cautious, believing that the upside potential at current levels is limited until Bitcoin's daily closing price can hold above $100,000.