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美国总统大选影响
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$40 million bought half of Congress, how far is the crypto industry from 'money politics'?If you had $40 million, what would you do with it? Invest in real estate? Travel the world? Or quietly save it? However, in this year's U.S. election, this money was used to help the Republican Party secure a Senate seat, enabling the crypto industry to buy half of Congress in this election! What exactly is going on? On November 6, with the election results unveiled, shocking news emerged: Ohio car dealer and blockchain entrepreneur Bernie Moreno, with strong support from the crypto industry, successfully defeated Senate Banking Committee Chair and fierce critic of cryptocurrency Sherrod Brown, reclaiming the Senate majority for the Republican Party. This campaign not only incurred huge costs but also marked an important debut for the crypto industry on the American political stage.

$40 million bought half of Congress, how far is the crypto industry from 'money politics'?

If you had $40 million, what would you do with it? Invest in real estate? Travel the world? Or quietly save it? However, in this year's U.S. election, this money was used to help the Republican Party secure a Senate seat, enabling the crypto industry to buy half of Congress in this election! What exactly is going on?

On November 6, with the election results unveiled, shocking news emerged: Ohio car dealer and blockchain entrepreneur Bernie Moreno, with strong support from the crypto industry, successfully defeated Senate Banking Committee Chair and fierce critic of cryptocurrency Sherrod Brown, reclaiming the Senate majority for the Republican Party. This campaign not only incurred huge costs but also marked an important debut for the crypto industry on the American political stage.
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Trump's Shocking Proposal: Is Bitcoin Going to Be Tax-Free?Hey, fellow crypto friends, have you ever thought that one day digital currencies like Bitcoin may no longer be subject to capital gains tax? Sounds like a fantasy, right? But former President Trump actually proposed such a plan! Imagine if you could buy a cup of coffee or a snack with Bitcoin, without worrying about paying extra taxes due to asset appreciation. Wouldn't that be great? Trump recognized this point and proposed eliminating capital gains tax on domestically produced digital currencies, such as Bitcoin and XRP, to promote their everyday use and simplify transactions.

Trump's Shocking Proposal: Is Bitcoin Going to Be Tax-Free?

Hey, fellow crypto friends, have you ever thought that one day digital currencies like Bitcoin may no longer be subject to capital gains tax? Sounds like a fantasy, right? But former President Trump actually proposed such a plan!
Imagine if you could buy a cup of coffee or a snack with Bitcoin, without worrying about paying extra taxes due to asset appreciation. Wouldn't that be great? Trump recognized this point and proposed eliminating capital gains tax on domestically produced digital currencies, such as Bitcoin and XRP, to promote their everyday use and simplify transactions.
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📈Bitcoin hits the $70,000 mark: Trump election odds and expectations of a Federal Reserve interest rate cut affect the contract and options markets! 🚀 Recently, the Bitcoin market has shown significant upward momentum, with the price approaching the key resistance level of $70,000, which may herald an important market test for Bitcoin. Additionally, Bitcoin’s price dynamics are closely tied to Trump’s election odds, demonstrating the sensitivity of the cryptocurrency market to political events. Moreover, Bitcoin’s open interest (OI) has exceeded the $40 billion mark, hitting a record high, which is a big signal for speculation. Although some people are concerned that this means that the price fluctuations are all due to leveraged futures positions, the good news is that the funding rate remains neutral, indicating that the long positions are relatively balanced and not too crazy. Let’s look at the macroeconomics. The Federal Reserve’s possible interest rate cuts, increased liquidity, and possible improvements in the U.S. crypto regulatory environment are all great benefits that support Bitcoin’s continued rise. If Bitcoin can break through $70,000, it may be as unstoppable as it was when it broke through $30,000 in October last year! In the options market, traders are already eyeing call options expiring in November with strike prices above $80,000. That's because there are two big events next month: the U.S. presidential election and the Federal Reserve's interest rate decision. Everyone is betting that the Federal Reserve will cut interest rates, and the possibility is not small. Data on Deribit also shows that the number of call option contracts expiring at the end of November is extremely large, while the number of put options is much smaller. This shows that the market is generally optimistic about the Bitcoin price in November. However, there are also traders hedging, and open interest in put options is increasing. In short, the Bitcoin market is really busy right now, and everyone is preparing for the next big event. Let us wait and see if Bitcoin can break through the siege and reach new highs! Viewpoint: Increase the spot position at low prices, go long on dips in the contract, and look at 80,000 for options in November. #比特币冲70000 #美联储降息预期 #美国总统大选影响 #合约市场 #期权市场
📈Bitcoin hits the $70,000 mark: Trump election odds and expectations of a Federal Reserve interest rate cut affect the contract and options markets! 🚀

Recently, the Bitcoin market has shown significant upward momentum, with the price approaching the key resistance level of $70,000, which may herald an important market test for Bitcoin. Additionally, Bitcoin’s price dynamics are closely tied to Trump’s election odds, demonstrating the sensitivity of the cryptocurrency market to political events.

Moreover, Bitcoin’s open interest (OI) has exceeded the $40 billion mark, hitting a record high, which is a big signal for speculation. Although some people are concerned that this means that the price fluctuations are all due to leveraged futures positions, the good news is that the funding rate remains neutral, indicating that the long positions are relatively balanced and not too crazy.

Let’s look at the macroeconomics. The Federal Reserve’s possible interest rate cuts, increased liquidity, and possible improvements in the U.S. crypto regulatory environment are all great benefits that support Bitcoin’s continued rise. If Bitcoin can break through $70,000, it may be as unstoppable as it was when it broke through $30,000 in October last year!

In the options market, traders are already eyeing call options expiring in November with strike prices above $80,000. That's because there are two big events next month: the U.S. presidential election and the Federal Reserve's interest rate decision. Everyone is betting that the Federal Reserve will cut interest rates, and the possibility is not small.

Data on Deribit also shows that the number of call option contracts expiring at the end of November is extremely large, while the number of put options is much smaller. This shows that the market is generally optimistic about the Bitcoin price in November. However, there are also traders hedging, and open interest in put options is increasing.

In short, the Bitcoin market is really busy right now, and everyone is preparing for the next big event. Let us wait and see if Bitcoin can break through the siege and reach new highs!

Viewpoint: Increase the spot position at low prices, go long on dips in the contract, and look at 80,000 for options in November.

#比特币冲70000 #美联储降息预期 #美国总统大选影响 #合约市场 #期权市场
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