QCP Capital: Maintaining a medium-term bullish view, crypto markets are ready for a rebound
QCP Capital released a market analysis showing that last weekend's attack on Donald Trump triggered a rally in cryptocurrency prices, with strong gains continuing into Monday's Asian session. The entire move appears to be due to the market's pricing of Trump's victory in the upcoming election (similar to Reagan's performance after his failed assassination attempt in 1981), which is positive for cryptocurrency prices as Trump publicly supports cryptocurrencies.
QCP Capital said that the market is ready for a rebound as the German government has run out of supply and big hedge funds have been actively long calling last week. The Trump attack is the perfect trigger for the market to be eager to go long. Given the continued high demand for BTC spot ETF inflows and the upcoming ETH spot ETF as a catalyst, QCP Capital maintains a medium-term bullish view.