⭐⭐Bitcoin and Altcoin Investors Expect a Year-End Rally: Trump Impact is Big ⭐⭐

Crypto research firm QCP Capital has published a report addressing the current status of the cryptocurrency market.

According to a July 19 report from QCP Capital, the cryptocurrency market has been affected by the ongoing Mt. Gox has demonstrated a resilient performance despite selling pressure and declines in traditional stock markets such as NASDAQ and SP&500.

Volatility decreased as continuous futures (perp) funding in the market returned to normal. Bitcoin has returned to the $61,000 to $71,000 range where it traded during the second quarter of this year.

Cryptocurrency investors are expecting a year-end rally. The spot market considers that it is normal for the price to fluctuate in this range, especially in the short term when investors took long positions at 67 thousand dollars as of July 26.

Analysts state that the increasing belief that Donald Trump will win the election strengthens the possibility of a year-end rally for the cryptocurrency market.

According to the report, institutional investors' interest in long-term positions may indicate the market's expectation of a larger upward move.

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