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QCP Capital: US election could become a key variable in the cryptocurrency market

The latest QCP Capital report pointed out that the re-leveraging of momentum traders and the expansion of corporate buybacks drove the stock market higher. This risk appetite trend may extend to the cryptocurrency market, which is expected to drive the price of bitcoin higher. The US election has become the focus of the market, and the bitcoin options market has shown a bearish trend before the election, with a volatility spread of 6 percentage points before and after the election. Republicans h...

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2024-08-20 09:10:46
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