Analysis: Trump's Inauguration May Promote the Next Round of Bitcoin Rebound

Odaily Planet Daily reports that analyst Omkar Godbole suggests that the defensive positioning in the stock market may stem from concerns that President-elect Trump's inauguration on January 20 could become a "buy the rumor, sell the news" event. Over the past two months, due to expectations that Trump will implement business-friendly and economic reforms after taking office, the risk appetite in financial markets has increased, but the possibility of profit-taking should not be overlooked. Trump will be inaugurated on January 20, which will change cryptocurrency regulations in the coming months and could even alter Bitcoin's strategic reserves, laying the groundwork for the next rebound. Singapore's QCP Capital holds a similar view, stating that traders should closely monitor this week's FOMC and NFP data before making further positions, as these data are expected to further impact Bitcoin's price trends. (CoinDesk)