TechFlow news, November 6 — QCP Capital released its commentary on the U.S. election: the dollar surged 1.2% to reach 105, a high not seen since July, as markets anticipate stronger economic growth and increased fiscal spending, driving yields higher. The yield on 10-year U.S. Treasury notes rose 15 basis points, while 2-year Treasury yields climbed 8 basis points, reflecting heightened investor expectations.
Although market expectations for rate cuts have diminished due to Trump's proposed "more favorable" policies, investors still anticipate 1.8 rate cuts this year and three more in 2025. The cryptocurrency market remains strong: after BTC hit a record high of $73,500 in March, it reached a new all-time high of $75,000 today.
Notably, since 2009, BTC has gone through three U.S. election cycles, each followed by new price highs, with prices never reverting to pre-election levels. We expect this bull market momentum to remain robust into 2025.
