QCP Capital reports that crypto assets outperformed US stocks in July, with the market focusing on the Federal Reserve’s interest rate decision.

QCP Capital reports that despite macroeconomic pressures, crypto assets outperformed US stocks in July, with BTC and ETH rising approximately 11.6% and 24.6% respectively this month. The market's focus is on the US Federal Reserve's FOMC interest rate decision to be announced this Wednesday, with investors closely watching the policy statement and remarks by Federal Reserve Chair Kevin Walsh. On July 24, US-listed spot BTC and ETH ETFs recorded a combined net outflow of around $311 million. In addition, the market is paying attention to the proposed CLARITY Act, as investors are increasing demand for downside protection to hedge against short-term macro uncertainty. AI interpretation: The Federal Reserve interest rate decision, as the core indicator of monetary policy, directly determines the pace of global liquidity tightening or easing. The market's extreme sensitivity to the policy statement reflects the current risk aversion sentiment toward a high interest rate environment. This decision will clarify the Fed’s latest stance on the balance between inflation and employment, reshaping asset pricing logic. Investors are coping with policy uncertainty by increasing hedging tools, demonstrating deep anxiety over the adjustment of the interest rate path. The final statement of this decision will become the decisive force driving asset price movements in the short term.