Analysis: Trump's inauguration may promote the next rebound of Bitcoin
Analyst Omkar Godbole suggests that the defensive layout of the stock market may stem from concerns that President-elect Trump's inauguration on January 20 could be a "good news exhaustion" event. Over the past two months, due to expectations that Trump will introduce reforms beneficial to businesses and the economy after taking office, risk-taking sentiment in financial markets has risen, but people generally expect the possibility of profit realization should not be overlooked. Trump will take office on January 20th, which will change cryptocurrency regulatory rules in the coming months and even alter Bitcoin's strategic reserves; these two months will lay a foundation for the next rebound. Singapore QCP Capital holds similar views, stating that traders should closely monitor this week's FOMC and NFP data before further deployment as it is expected these figures will further influence Bitcoin price trends. (CoinDesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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