According to BlockBeats, on November 6, QCP Capital released a commentary on the US election. The US dollar soared 1.2% to a high of 105 in July, and yields climbed as the market expected stronger economic growth and increased fiscal spending. The 10-year US Treasury yield rose 15 basis points, while the 2-year US Treasury yield rose 8 basis points, indicating that investors' expectations have increased. Although the market expects a lower probability of rate cuts due to Trump's "friendlier" policies, the market still expects 1.8 rate cuts this year and another three next year.
The cryptocurrency market is on fire, with BTC hitting a new all-time high of $75,000 today after hitting a record high of $735 million in March. It is worth noting that BTC has gone through three election cycles since 2009, with new highs occurring after each election, and the price has never fallen back to pre-election levels. We expect this bullish momentum to remain strong into 2025.
