Deep Tide TechFlow news, on December 4, QCP Capital's latest analysis pointed out that well-established cryptocurrencies have seen a significant increase in the past two weeks since 2021. XRP broke through the historical high of $2 in February 2021, soaring 400% to $2.90 since November. During the same period, veteran projects such as ADA, HBAR, and XLM recorded increases of 300%, 800%, and 600%, respectively, demonstrating the strong momentum of traditional crypto assets.
This round of increases is mainly driven by two factors: First, Trump's proposal in November to eliminate the capital gains tax on cryptocurrency issued by American companies; second, potential pro-crypto cabinet nominees. It is reported that the current CEO of Cantor Fitzgerald, Howard Lutnick, may take the position of Secretary of Commerce, as his company is currently in cooperative negotiations with Tether. Meanwhile, the SEC chair position may be taken over by pro-crypto Paul Atkins, replacing the current chair Gary Gensler.
Although South Korea's implementation of martial law once caused Bitcoin to drop to $93,500, the subsequent rapid rebound in the market demonstrates the current strength of buying power. The report points out that although inflation fears have compressed the expectation of the Federal Reserve's interest rate cuts in 2025 to three times, and geopolitical risks from Trump concerning China, Mexico, Canada, and BRICS countries still exist, the cryptocurrency market is expected to continue its upward trend.
Analysts believe that with the possible launch of crypto-friendly policies by the Trump team and the continued entry of institutional investors, the goal of Bitcoin breaking $100,000 and Ethereum reaching a new historical high is shifting from a dream to reality. Investors are advised to pay attention to the strong market momentum and seize investment opportunities.
