#investors #uselections #Trump2024 #BTC #BinanceEverywhere

Introduction

QCP Capital, renowned for its in-depth cryptocurrency analyses, has released a new market report highlighting a notable trend: investors are gravitating towards safer assets as the U.S. presidential elections approach. The analysis reveals that the recent debate between Donald Trump and Kamala Harris failed to provide clear economic policy insights, leading to growing disappointment and apprehension in the cryptocurrency market.

Shift Towards Safer Assets as Elections Loom

QCP Capital’s analysis indicates that despite Kamala Harris appearing to gain more favor than Donald Trump in public opinion polls following their debate, neither candidate presented a clear economic vision. This uncertainty is prompting investors to consider shifting their portfolios towards safer asset classes to mitigate the risks associated with the unpredictable political climate.
This shift away from riskier assets suggests a cautious outlook for Bitcoin (BTC) at $56,561.91 and other altcoins, as the lack of a definitive policy direction from leading political figures fuels market instability.

Attention Turns to Inflation Metrics

In the wake of the Trump-Harris debate, market attention has turned to the upcoming Consumer Price Index (CPI) data release, scheduled for today at 3:30 PM TSI. Current expectations predict a decrease in CPI from the previous 2.9% to 2.55%. However, QCP Capital posits that there may be an upward surprise in the CPI figures, which could impact market sentiment.
The firm notes that while CPI data remains important, its influence might be overshadowed by recent shifts in focus towards employment market data, which has become a critical economic indicator in recent months.
QCP Capital’s trading strategy reflects a cautious approach in light of the prevailing macroeconomic uncertainties. The company is focusing on investment structures that could offer returns in bullish scenarios but remains vigilant due to the current lack of clear guidance. Despite these uncertainties, QCP Capital remains hopeful that clarity may emerge in the fourth quarter, potentially offering a more defined investment path for the future.

What are Weak Hands or Paper Hands?

"Weak hand" or "Paper Hand" is a term commonly used in #trading and #investing to refer to individuals who are easily influenced by short-term market fluctuations and tend to sell their assets quickly, often at the first sign of price #decline or volatility. These individuals lack conviction and are more prone to making impulsive decisions based on fear or panic rather than a #long-term investment strategy.

A weak hand #investors is typically driven by emotions and reacts to market movements without considering the underlying #fundamentals or #potential for future growth. They may lack patience and the ability to withstand temporary price fluctuations, leading them to sell their #positions prematurely and potentially miss out on potential gains.

#crypto2023 #Binance #googleai #breakout_expert

$BTC $ETH $BNB

As October kicks off, #crypto market players have begun to outline their observations and predictions for the new month. #Bitcoin proponents are especially active in these discussions as speculations on Bitcoin’s next move become a major topic of debate. As market observers give their two cents on the asset’s potential future performance, one analyst is spotlighting the importance of paying attention to certain technical signals.According to a post shared to X, formerly Twitter, the pseudonymous user CryptoJelleNL, a hidden bullish divergence has begun to form on the Bitcoin charts. A bullish divergence usually occurs when the price of an asset falls to a new low, while an oscillator fails to reach a new low. This is usually received positively by market players, as it demonstrates that the bears are losing momentum. During this period, the bullish are usually attempting to regain control of the market, as such, a bullish divergence typically marks the end of a downtrend, and introduces the start of an uptrend. For Bitcoin, this could look like a massive jump in its current price value, which could potentially send it above $30,000; a price mark that has been highly anticipated by investors and traders alike. While Bitcoin currently trades a little above the $27,000 price mark, the analyst is convinced that $30,000 remains a major resistance. He goes on to share his buying strategy while urging traders and #investors to ignore the fear of missing out (FOMO). As his post reads;“Bitcoin’s weekly hidden bullish divergence is starting to play out. Remember, $30k is strong resistance until further notice. I keep buying dips inside this range — waiting for the breakout. Don’t let LTF moves lure you into FOMO, stick to the plan.”In his most recent post, the analyst shared a candlestick technical chart, in which he traced an ascending triangle that had formed as far back as May. He made a bold claim, stating that if Bitcoin breaks above $30,000, it will be an indicator that the bull run has officially begun.At the time of this report, Bitcoin is trading for $27,389. The apex #cryptocurrency has managed to sustain decent gains and preserved it over the past week. In the last 7 days, Bitcoin has seen gains surge by 2.65%. Although Bitcoin performed rather decently in September, #trading volume has gained significant momentum, going up as high as 217% in the last 7 days.$BTC

A #comprehensive #analysis of data has revealed a compelling conclusion: for the majority of situations, purchasing Bitcoin directly outweighs the benefits of mining it. Unless the market finds itself in the midst of a colossal bull run, #investors are advised to favor buying spot #Bitcoin over venturing into the world of mining.

The numbers don't lie, and they paint a clear picture. In most circumstances, the path to acquiring Bitcoin is more advantageous when one opts for direct purchase rather than embarking on the challenging endeavor of mining. The data-backed analysis highlights the inherent advantages of buying spot Bitcoin, shedding light on the factors that come into play.

While mining can hold allure during a mega bull run, the prevailing wisdom suggests that purchasing Bitcoin outright is the wiser choice in the long run. The analysis underlines the importance of carefully considering the market conditions and one's individual circumstances before making a decision. In most cases, the benefits of buying #BTC directly outweigh the complexities and costs associated with mining.

Investors are urged to recognize that the cryptocurrency landscape is ever-evolving, with market dynamics shifting rapidly. It is crucial to stay informed and adapt strategies accordingly. The analysis emphasizes the significance of evaluating the prevailing market conditions and understanding the potential risks and rewards associated with both mining and buying Bitcoin.

Ultimately, the analysis serves as a guiding light for investors, encouraging them to navigate the intricate world of cryptocurrencies with caution and informed decision-making. While mining may hold its allure during exceptional market conditions, the evidence suggests that, in most circumstances, purchasing Bitcoin directly is the preferable option.

As the cryptocurrency market continues to evolve, so too do the strategies and approaches employed by investors. The analysis provides valuable insights, empowering individuals to make well-informed choices aligned with their investment goals and risk tolerance.

In this ever-changing landscape, one thing remains certain: knowledge is power. Armed with data-driven analysis and a deep understanding of the market dynamics, investors can navigate the world of cryptocurrencies with greater confidence and maximize their potential for success.

The Consumer Price Index (CPI) inflation in India has hit a 15-month low, falling to 5.6% in December 2022. This is a significant drop from the 6.9% recorded in November 2022 and the lowest since September 2021. While this is great news for the Indian economy, it also has implications for bitcoin and other cryptocurrencies.

Bitcoin and other cryptocurrencies have been gaining popularity in India over the past few years. Many people invest in them as a way to hedge against inflation and protect their wealth. Inflation erodes the purchasing power of fiat currencies, such as the Indian rupee, so some people turn to cryptocurrencies as a store of value that is not subject to inflationary pressures.

However, with inflation coming down, the appeal of cryptocurrencies as a hedge against inflation may also decrease. When inflation is high, people are more likely to seek out alternative investments, such as cryptocurrencies, to protect their wealth. But when inflation is low, the appeal of cryptocurrencies may be diminished, as people may feel that their purchasing power is not being eroded to the same extent as before.

Furthermore, the RBI may also have more room to maneuver in terms of its monetary policy stance, as mentioned earlier. If the RBI decides to ease its policy stance, this could lead to a decrease in interest rates and an increase in liquidity in the financial system. This could have the effect of making traditional investments, such as fixed deposits, more attractive to investors, and could potentially reduce the appeal of cryptocurrencies.

However, it is important to note that there are still many factors that make cryptocurrencies attractive to investors, even when inflation is low. Cryptocurrencies offer a high degree of privacy and security, and can be used for international transactions without the need for intermediaries. Additionally, the blockchain technology that underpins cryptocurrencies has many potential use cases beyond just financial transactions.

One such use case is decentralized finance, or DeFi. DeFi refers to a suite of financial applications built on blockchain technology that operate without intermediaries. These applications offer a wide range of financial services, including lending, borrowing, and trading, and have the potential to disrupt traditional financial systems. DeFi has been growing rapidly in popularity over the past few years, and its growth is not necessarily tied to inflationary pressures.

Another factor that makes cryptocurrencies attractive to investors is their potential for price appreciation. Bitcoin, for example, has seen massive price gains over the past few years, going from less than $1,000 in 2017 to over $60,000 in 2021. While this kind of price appreciation may not be sustainable over the long term, it is still a factor that makes cryptocurrencies appealing to some investors.

It is also worth noting that while inflation may be low in India, it is still a problem in many other parts of the world. Inflation in the US, for example, has been rising rapidly over the past few months, and this could lead to an increase in demand for cryptocurrencies as a hedge against inflation.

In conclusion, while the decrease in CPI inflation to a 15-month low of 5.6% in December 2022 may reduce the appeal of cryptocurrencies as a hedge against inflation, there are still many factors that make them attractive to investors. As always, investors should do their due diligence and carefully evaluate the risks and potential rewards before investing in cryptocurrencies.

#cpidata #investors #crypto2023 #bitcoin #US

Ether Futures Skyrocket Amid ETF Approval Anticipation….

The ether $ETH futures market has reached unprecedented heights, with open interest soaring by 25% in just one day. This significant surge signals growing investor confidence that the U.S. Securities and Exchange Commission (SEC) might soon approve spot ether exchange-traded funds (ETFs).
Unprecedented Growth in Ether Futures Market
The dollar value locked in active ether futures contracts, known as notional open interest, jumped to an all-time high of $14.05 billion within 24 hours. This surpasses the previous peak of $13.2 billion recorded on March 15. The sharp increase highlights a fresh wave of capital flowing into the ether market, predominantly on the bullish side.
Investor Sentiment Turns Bullish
This surge in open interest comes as ether, the second-largest cryptocurrency by market capitalization, saw its price rise by nearly 19%, reaching $3,680 based on #cryptomarket data. Typically, an uptick in open interest along with a price increase confirms a robust uptrend, indicating strong market sentiment.
ETF Approval Likelihood Boosts Market Confidence
The optimism around ether ETFs has been significantly bolstered by recent developments. Bloomberg’s ETF analysts have dramatically increased the likelihood of the #SEC of #usa approving spot ETH ETFs, raising the probability from 25% to 75%. This positive shift is largely driven by reports that the SEC has requested exchanges seeking to list and trade potential spot ether ETFs to expedite their 19b-4 filings. This request is viewed as a clear indication that the regulator is looking to fast-track the approval process.
Market Implications of Potential ETF Approval
The potential approval of spot ETH ETFs a game-changer for the cryptocurrency market. ETFs are seen as more accessible investment vehicles for both retail and institutional investors, potentially leading to a significant influx of capital into ether. This increased accessibility could drive higher demand and further price appreciation for $ETH .
What’s Next for Ether Futures and ETFs?
As the market awaits the SEC’s decision, the current bullish trend in ether futures suggests that investors are positioning themselves for a positive outcome. The surge in notional open interest is a testament to the heightened expectations and confidence among market participants.
In summary, the ether futures market has hit a record $14.05 billion in open interest, fueled by growing optimism about the potential approval of spot #EthereumETF . With the SEC seemingly accelerating the approval process, the cryptocurrency market could be on the brink of a significant transformation, paving the way for greater #investors participation and potential price increases for $ETH .