BlockBeats News, on January 9th, according to CoinDesk, analyst Omkar Godbole said that the defensive layout of the stock market may stem from concerns about the "Information positive fully priced" event of the inauguration ceremony of the elected President Trump on January 20th. In the past two months, the risk appetite in the financial markets has risen, and the market expects the upcoming Trump administration to implement reforms that are favorable to businesses and the economy, but the possibility of profit-taking cannot be ignored. Trump will be inaugurated on January 20th, and it is widely expected that this move will drive changes in Cryptocurrency regulation, and may even establish strategic BTC reserves in the next few months, both of which may provide support for the next round of market trends. QCP Capital also holds a similar view and suggests that traders should follow up with new US economic data on Friday before further positioning.
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Analyst: The inauguration of Trump may become a catalyst for BTC pump
BlockBeats News, on January 9th, according to CoinDesk, analyst Omkar Godbole said that the defensive layout of the stock market may stem from concerns about the "Information positive fully priced" event of the inauguration ceremony of the elected President Trump on January 20th. In the past two months, the risk appetite in the financial markets has risen, and the market expects the upcoming Trump administration to implement reforms that are favorable to businesses and the economy, but the possibility of profit-taking cannot be ignored. Trump will be inaugurated on January 20th, and it is widely expected that this move will drive changes in Cryptocurrency regulation, and may even establish strategic BTC reserves in the next few months, both of which may provide support for the next round of market trends. QCP Capital also holds a similar view and suggests that traders should follow up with new US economic data on Friday before further positioning.