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Reading: Possible Victory of Donald Trump and Bitcoin! What Awaits the Cryptocurrency Market After November 5, 2024?
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Possible Victory of Donald Trump and Bitcoin! What Awaits the Cryptocurrency Market After November 5, 2024?
Bitcoin and BTC

Possible Victory of Donald Trump and Bitcoin! What Awaits the Cryptocurrency Market After November 5, 2024?

vitalclick
Last updated: October 11, 2024 11:59 am
8 months ago
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matrixport According to the weekly report dated October 11 published by Bitcoin (BTC) $60,844 Investors should be prepared for a bull market that could be triggered by the possible victory of Donald Trump in the 2024 US Presidential elections. While Bitcoin’s transaction volume has been decreasing recently, investors are taking action to develop future strategies.

Bitcoin Options and Price ExpectationsMacroeconomic Conditions and Possible Risks

Bitcoin Options and Price Expectations

It will mature in November 2024 Bitcoin options contractsshows that investors are cautious about the election results. However, option pricing at 65 thousand dollars and 70 thousand dollars reveals that there is a significant upward expectation in the market. These price thresholds are important for investors, especially after the 2024 US Presidential elections. BitcoinIt strengthened hopes that a significant recovery could occur in .

Bitcoin options market It reached a transaction volume of between 42 billion and 71 billion dollars this year and attracted remarkable attention, especially after the Bitcoin block reward halving in April. On the other hand, this liveliness in the market has become a more attractive leverage tool for investors, contrary to the weak performance of Bitcoin-backed stocks (for example, MicroStrategy).

Macroeconomic Conditions and Possible Risks

At the beginning of the year, the improvement in macroeconomic conditions led to a recovery in the price of Bitcoin. However, prices subsequently retreated due to the changing attitude of market structure and liquidity providers. Trump’s biggest win in the presidential race, especially if he pursues a freer economic policy cryptocurrency can have a significant positive impact.

Against this US Federal ReserveThe Fed’s (Fed) tightening of monetary policies due to concerns that Trump’s possible policies will excessively stimulate the economy may hinder the possible rise of Bitcoin. Still, investors’ long-term prospects remain strong.

Matrixport’s report invites investors to be careful and create strategic positions in the pre-election period. It is expected that Trump’s possible victory will have an extremely positive impact on the Bitcoin market, especially focusing on the 65 thousand and 70 thousand dollar levels in the options market.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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