ChainCatcher news: QCP Capital released a market analysis showing that the attack on Donald Trump last weekend triggered a rebound in cryptocurrency prices, and the strong upward momentum continued into Monday's Asian session. The entire trend seemed to be due to the market's pricing of Trump's victory in the upcoming election (similar to Reagan's performance after the assassination attempt in 1981), which is good for cryptocurrency prices because Trump publicly supports cryptocurrency.
QCP Capital said the market was ready for a rebound because the German government had exhausted its supply and large hedge funds actively bought call options last week, and the attack on Trump was the perfect trigger for the market to be eager to go long. Given the continued large demand for BTC spot ETF inflows and the upcoming ETH spot ETF as a catalyst, QCP Capital maintains a medium-term bullish view.