Crypto asset trading firm QCP Capital's latest report pointed out that BTC remained above $65,000 and broke through $67,000. Although the US stock market fell due to the decline in corporate earnings season, especially the expected slowdown in chip demand triggered by the ASML report, semiconductor stocks such as NVDA and AMD fell, but this did not affect the upward trend of BTC. The report pointed out that due to the increase in the probability of Trump's victory, the market expects its crypto policy to be more friendly than Harris, and the positive correlation between crypto assets and Trump's victory is further strengthened. The QCP expects market liquidity to increase as global central banks enter a rate-cutting cycle, driving the rise in risk assets. The European Central Bank is expected to cut rates by 25 basis points tomorrow, the People's Bank of China continues to maintain an accommodative stance, and the Federal Reserve expects two rate cuts this year and four in 2025.