QCP Capital posted on its official channel that despite the volatility in bitcoin prices during Trump's bitcoin conference speech, the market did not fluctuate as much as expected. Bitcoin prices remained between $67,000 and $70,000, and volatility dropped significantly.
Mr. Trump's speech echoed industry expectations, but markets may need a bigger catalyst for a big breakthrough, one that could emerge as the US election approaches, when promises and policies become clearer.
Despite Trump's optimistic remarks, Bitcoin has failed to break through its all-time high, so it is likely to continue trading within a range.
Opinion: Markets may need a bigger catalyst than Trump's speech for a major breakout
2024-07-29 16:04:28
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