Cryptocurrency analytics firm QCP Capital released a market assessment highlighting the impact of the upcoming US elections on financial markets. The firm noted that former President Donald Trump has gained momentum over Vice President Kamala Harris in prediction markets, leading to markets pricing in the possibility of a Trump presidency. The discussions around increased tariffs and potential tax cuts under the Trump administration have fueled a rally in the US dollar and US bond yields. Bitcoin has gained upward momentum due to Trump's relatively crypto-friendly stance. The S&P 500 is edging toward all-time highs, reflecting optimism surrounding economic growth. The Nonfarm Payrolls report and the Fed's stance on interest rates will play a crucial role in shaping market expectations. The cryptocurrency market is closely monitoring these events.



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