QCP: With the presidential inauguration approaching, the global effects of the U.S. turning on the "green light" for the crypto market have yet to fully materialize
ChainCatcher news, the daily market observation released by QCP states that today is President Trump's inauguration day, and his global influence and rapid growth mark a shift in the way capital is formed, with cryptocurrencies gradually moving into the mainstream. Trump's Memecoin deployment on the Solana chain is seen as an endorsement of the chain, potentially accelerating the approval of SOL ETFs and driving a surge in altcoins. As media exposure increases, expectations for retail fund inflows are intensifying.
Bitcoin is also showing an upward trend, with funding rates on Deribit exceeding 65%. Saylor's tweets and the shared "Saylor Tracker" suggest a new round of buying, adding suspense to the market. Trump's Memecoin not only attracts retail investors chasing surges but also draws the attention of institutional investors, solidifying cryptocurrencies' status as mainstream assets.
Institutional investors are closely monitoring the potential clear cryptocurrency policies that the U.S. may introduce this week, which could have far-reaching effects on the economy, and the global ripple effects have yet to fully manifest.