Bybit x Block Scholes Quarterly Institution Report: Markets Anticipate Watershed Moments as Trump Returns as the “Crypto President”
The post Bybit x Block Scholes Quarterly Institution Report: Markets Anticipate Watershed Moments as Trump Returns as the “Crypto President” appeared on BitcoinEthereumNews.com.
Dubai, United Arab Emirates, November 21st, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, releases a special quarterly report delving into post-election dynamisms and market outlook as crypto investors embraces America’s first “crypto president”. The long-form report also looks ahead at what comes next, noting an “insatiable” appetite for BTC exposure among institutional investors. However, the report proposes that institutions’ bullish buy-ins of BTC may not immediately spill over into altcoins—for want of viable options in the current ETF ecosystem. Overall, investors are betting on more Trump trades, positive economic prospects, and possibilities of further rate cuts, all of which could positively guide the path forward of BTC with its strengthening correlation with macro assets. Key Insights: Trump rebranded as the “crypto president”: Trump’s dramatic return to office marks a striking shift in his posture on crypto. Previously a skeptic, if not a critic, he centered his 2024 campaign on advocating for BTC. This reversal carries significant implications for U.S. policy and regulatory frameworks, as the world’s largest economy switches gears to take a leadership role in the digital assets space. Market profits on prospective political gains: The post-election premium propelled BTC prices to rally from around $70k to over $90k within weeks. This intense volatility is seen not merely as speculative but as a broader reflection of market sentiment aligning with optimistic political developments. Regulatory outlook: Impactful crypto regulatory reforms are on the table with a Republican majority in the U.S. Congress. Targeted political spending during the election reshaped legislative priorities, particularly in key Senate races. As pro-crypto lawmakers take office, changes are in the air for crypto hopefuls seeking clarity and a pro-investment climate in the regulatory sphere. Altcoins Rising: With its dominance, BTC rallies often entail potential gains in…
Filed under: News - @ November 21, 2024 5:28 pm