TechFlow news: According to the latest report from QCP Capital, last weekend's attempted assassination of Donald Trump triggered a rebound in cryptocurrency prices. This strong upward momentum was further fueled on Monday during Asia trading hours by programmatic buying of BTC on Coinbase. Market expectations favoring Trump’s victory in the upcoming election are seen as supportive of his pro-crypto stance.
QCP Capital stated that the market was already primed for a rally, with the German government having exhausted its supply and large hedge funds actively purchasing call options last week. Although some institutional investors have started hedging downside risks by buying near-term options, QCP Capital maintains a bullish mid-term outlook, supported by sustained strong demand for BTC spot ETFs and the upcoming launch of ETH spot ETFs as catalysts.
