Cryptocurrency analytics firm QCP Capital has noted a growing bullish trend in the options market, indicating a potential uptrend in the crypto space. The firm observed increased demand for high-delta Bitcoin call options and a rise in 25 Delta implied volatility across all maturities. They attribute this uptrend to short-term optimism driven by former US President Donald Trump's comments and speculation on strategic Bitcoin reserves. QCP Capital also highlights the potential impact of Trump's new tariffs on pharmaceuticals and semiconductor chips, as well as auto tariffs, on global markets and cryptocurrencies. Altcoins have seen increased interest, with altcoin-related ETF applications being filed with the US SEC, including one for an XRP ETF. QCP Capital suggests that a pro-crypto stance from the Trump administration could lead to further developments in the crypto market in the coming years, indicating continued bullish momentum and the potential for the next phase of the bull cycle.



Other News from Today