Reserve

Donald Trump

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/trump-supports-bitcoin-policies" data-wpel-link="internal" rel="noopener noreferrer nofollow">Trump Supports Bitcoin Policies</a><br></p>
<p style="text-align: justify">Over the weekend, U.S. presidential candidate Donald Trump expressed positive views on cryptocurrency for the first time. <a href="https://en.bitcoinhaber.net/bitcoins-600-day-bull-run-potential-highlighted-by-crypto-analyst" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> remains around $69,000 but struggles to surpass the $70,000 mark. Analysts from QCP Capital have provided their latest market predictions in light of these developments.</p>
<h2 id="what-are-experts-saying-about-the-market">What Are Experts Saying About the Market?</h2>
<p style="text-align: justify">Bitcoin is currently trading above $69,000, peaking at $69,888 on the daily chart. Although there was no breakthrough due to short-term profit-taking and the upcoming Federal Reserve meeting, QCP Capital experts have assessed Trump’s comments and market expectations. Trump’s potential policies if elected include holding Bitcoin obtained from seized assets, removing Gary Gensler from office, reducing energy costs for domestic mining, supporting cryptocurrency self-custody, banning CBDCs, establishing a framework for stablecoins, terminating Operation Chokepoint 2.0, commuting Ross Ulbricht’s sentence, and aiming to make the U.S. a global crypto capital.</p>
<h2 id="how-will-markets-react-leading-up-to-the-elections">How Will Markets React Leading Up to the Elections?</h2>
<p style="text-align: justify">Despite Bitcoin’s fluctuations during Trump’s speech at the Bitcoin Conference, the market did not see the dramatic movement anticipated by options traders. Bitcoin continues to trade between $67,000 and $70,000 with decreased volatility. While Trump’s optimistic statements align with the sector’s expectations, a major market breakout may require a more significant catalyst, potentially closer to the U.S. elections when policies become clearer.</p>
<p style="text-align: justify">Trump’s promises, though encouraging, may not be sufficient to push Bitcoin beyond its all-time high without further political developments.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">Investors can draw several concrete inferences from the current situation:</p>
<ul style="text-align: justify">
 <li>Watch for significant policy <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">announcements</a> closer to U.S. elections, as these could serve as market catalysts.</li>
 <li>Monitor changes in volatility and trading ranges for potential investment opportunities.</li>
 <li>Keep an eye on regulatory developments and policy shifts from both political parties.</li>
 <li>Prepare for potential fluctuations in Bitcoin’s price due to short-term profit-taking and broader economic factors, such as Federal Reserve meetings.</li>
</ul>
<p style="text-align: justify">As the November elections approach, the strength of Trump’s campaign may influence market dynamics. A shift in regulatory stance from the Democrats could also impact demand in the cryptocurrency markets. The scenario is reminiscent of the period leading up to BTC ETF approval, suggesting that immediate pricing changes are uncommon in crypto, and a gradual rise may test <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>‘ patience in the coming months.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/trump-supports-bitcoin-policies" data-wpel-link="internal" rel="noopener noreferrer nofollow">Trump Supports Bitcoin Policies</a></h5>

Trump Supports Bitcoin Policies

قائمة المحتويات

BH NEWS

المزيد من المقالات نُشرت في ٢٩ يوليو ٢٠٢٤

Bitcoin Nears $70K After Major Price Drop, Analyst Foresees Incoming 43.85% Surge to $100K

Bitcoin Bear Bitten: Andrew Left Hit with $20M for Crypto Fraud Scheme

Cryptonica hits 10M in weekly transactions

BlackRock Warns Against Bitcoin (BTC) and Ethereum (ETH) Scams!

Tequila Token to Launch on Solana Blockchain

Winklevoss Twins ask Kamala Harris to retire SEC’s Gary Gensler

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.