QCP Capital posted an analysis saying that all eyes are on tonight's US CPI data. Weak CPI may support a recovery in risk assets such as stocks and cryptocurrencies, driven by the Federal Reserve's interest rate cut. The US PPI data softened last night, and the market expects the Federal Reserve to cut interest rates by 50 basis points in September. The current probability of 50 basis points is 52.5%, while the probability of 25 basis points is 47.5%. Cryptocurrencies appear to be relatively well supported with continued inflows of ETFs and BlackRock buying dips last week. However, with no major catalysts emerging, a major breakthrough is not expected until the fourth quarter.