CandleFocus Analysis Company Makes Prediction for Bitcoin After the US Election: “Even If Donald Trump Wins…”
2024-11-02
Author: Content Editor
Cryptocurrency analytics firm QCP Capital has published its market analysis, highlighting recent economic data and its impact on both crypto and traditional financial markets. The report notes that US Core PCE data exceeded expectations, while Nonfarm Payrolls data fell short. Despite weak job figures, the US unemployment rate remained steady. Despite Bitcoin reaching new all-time highs, Ethereum struggled to surpass the $2,700 level. QCP Capital observed significant inflows into Bitcoin ETFs and high short-term implied volatility for both BTC and ETH. Looking ahead, the firm predicts a potential "sell the news" reaction in the market post-election.
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