QCP Capital: The crypto market is ready for a rebound and maintains a medium-term bullish view
2024-07-15 12:34
Odaily News QCP Capital released a market analysis showing that the attack on Donald Trump last weekend triggered a rebound in cryptocurrency prices, and the strong upward momentum continued into Monday's Asian session. The entire trend seems to be due to the market's pricing of Trump's victory in the upcoming election (similar to Reagan's performance after the assassination attempt in 1981), which is good for cryptocurrency prices because Trump publicly supports cryptocurrencies. QCP Capital said that the market is ready for a rebound because the German government has exhausted its supply and large hedge funds actively bought call options last week. The attack on Trump is the perfect trigger for the market to be eager to go long. Given the continued large demand for BTC spot ETF inflows and the upcoming ETH spot ETF as a catalyst, QCP Capital maintains a medium-term bullish view.
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