There’s a Mega Donald Trump Rally in Cryptocurrencies! The Analysis Company Announces What They Expect Next!

Krypto para According to a statement made by analysis firm QCP Capital, the cryptocurrency market experienced a significant rally following the assassination attempt against former President Donald Trump.

The event, which occurred early in the weekend, created strong bullish momentum that extended into the Monday Asian session. This increase was largely driven by aggressive programmatic Bitcoin buying on Coinbase from 5 a.m. to 1 p.m., a highly unusual pattern for a Sunday evening in the U.S.

QCP Capital suggested that the market reaction could be attributed to the belief that Trump will win in the upcoming election, similar to how the market reacted to the failed assassination attempt on Ronald Reagan in 1981. Trump’s pro-crypto stance is seen as a positive factor for cryptocurrency prices.

“The market was already primed for a rally,” QCP Capital said, citing the German government’s depletion of BTC supply and significant call options by major hedge funds the previous week. “Trump was the perfect trigger for a market eager to go long.”

However, the future of this bullish trend remains uncertain. QCP Capital raised the question of whether the positive momentum will continue when the US markets open, possibly resulting in a significant short squeeze. They observed that some institutional players have hedged against potential downside risks by buying recent bonds, suggesting that the US could ease the current rally.

Despite these short-term uncertainties, QCP Capital remains optimistic about the medium-term outlook for cryptocurrencies, citing continued strong demand driven by Bitcoin spot ETF inflows and the anticipated launch of an Ethereum spot ETF as key catalysts for sustained growth in the market.

*This is not investment advice.