Better-than-expected U.S. jobs data released last Friday dampened hopes of a September rate cut by the Federal Reserve, and the prices of Bitcoin and Ethereum fell. QCP Capital said that the recent decline in Bitcoin and Ethereum after the report created a "buy on dips" opportunity. While other central banks reduce borrowing costs, the Federal Reserve will find it difficult to maintain high interest rates because the market will increasingly digest the impact of at least one rate cut by the Federal Reserve. As other countries in the world continue to cut interest rates, it will be difficult for the United States to ignore this. QCP Capital added that its trading department has seen bullish capital flows during this decline, both sellers of aggressive put options and buyers of bullish spreads, especially call options on BTC. (coindesk)