QCP Capital: As Donald Trump’s inauguration approaches, institutional investors await clear pro-crypto policies along with potential market implications.
Alyssa Davidson
Posted: January 20, 2025 6:31 AM Updated: January 20, 2025 6:31 AM
Correction and fact check date: January 20, 2025, 6:31 AM
briefly
QCP Capital notes that with the Donald Trump administration’s pro-crypto stance, investors are closely monitoring any potential regulatory changes or policy announcements that could impact the digital asset market.
Singapore-based cryptocurrency trading firm QCP Capital issued a market analysis, noting that once Donald Trump took office, the value of his self-proclaimed cryptocurrency quickly surpassed $10 billion. TRUMP’s rapid rise and global traction signals a major shift in the way capital is formed, leading to strengthening mainstream acceptance of digital assets.
These developments raise questions about whether the long-awaited altcoin season could be triggered. The decision to launch TRUMP on the Solana blockchain serves as a strong endorsement for the network, potentially accelerating the approval timeline for the spot Solana Exchange Traded Fund (ETF). Increased media coverage and increased interest in retail could lead to an influx of liquidity into the broader cryptocurrency market.
Beyond the memecoin sector, Bitcoin appears poised for an upswing, with a funding ratio exceeding 65% on Deribit. Fueling the speculation, MicroStrategy co-founder Michael Saylor hinted at a potential market shift with a cryptic post on social media saying “Things will be different tomorrow”, a comment that added to the excitement surrounding Donald Trump’s first day in office. .
Donald Trump’s memecoin is attracting attention not only from individual investors seeking high-risk speculative opportunities, but also from institutional officials assessing its broader implications. As his administration expresses a friendlier stance toward cryptocurrencies, investors are closely watching any potential regulatory changes or policy announcements that could impact digital asset markets. The full extent of the perceived global impact of US support for cryptocurrency adoption is yet to be revealed.
Bitcoin surpassed $108,000, hitting a new all-time high.
As of the latest update, Bitcoin is trading at $108,305, up 3.82% over the last 24 hours. The cryptocurrency’s daily low was $99,622 and its daily high was $108,899, reflecting strong price movements within the period. Bitcoin’s market capitalization currently stands at $2.14 trillion, strengthening its position as a leading digital asset.
Spot Bitcoin ETFs have seen weekly inflows of $887 million, according to data from SoSo Value, highlighting continued institutional interest in Bitcoin despite continued market volatility.
Meanwhile, the global cryptocurrency market capitalization increased by 3.73%, reaching $3.73 trillion. Trading activity surged, with 24-hour volume increasing 79% to $378 billion, according to CoinMarketCap data.
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About the author
As a dedicated journalist at MPost, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
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Alyssa Davidson
As a dedicated journalist at MPost, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
more articles