According to BlockBeats, on July 29, QCP Capital posted on its official channel that although the price of Bitcoin fluctuated during Trump's speech at the Bitcoin conference, the market did not fluctuate as much as expected. The price of Bitcoin remained between $67,000 and $70,000, and volatility dropped significantly.

Trump's speech echoed industry expectations, but the market may need a bigger catalyst for a major breakthrough. This catalyst may come when the US election is approaching and the promises and policies are clearer.

Bitcoin has failed to break out of its all-time high despite Trump’s optimistic comments, so Bitcoin may continue to trade in a range.