$BTC
⚡️ Trump’s trading storm resurfaces, the cryptocurrency market is in turmoil!
Trump's trades impact the cryptocurrency market
Market reaction:
Trump leads Harris in the prediction market, triggering a significant rise in U.S. Treasury yields and the dollar.
Investor bets on loose monetary policy have been suppressed, anticipating that Trump will implement growth-promoting measures.
Tightening financial environment:
The financial environment is relatively tightening, with Bitcoin experiencing its first weekly decline in three weeks.
Sell-offs in the stock market, a rising dollar, and increasing yields all indicate a tightening financial environment.
Cryptocurrency affected:
A tightening financial environment is unfavorable for cryptocurrencies.
The speed of the tightening is more important than the initial degree of looseness.
Trump's policy impact:
A Trump victory may lead to rising U.S. Treasury yields, negatively affecting risk assets.
The expected softening of Trump administration's regulation on the cryptocurrency industry may still be a significant factor.