Crypto Market

Greeks.live: Trump's victory and interest rate cuts boost BTC to break historical highs, crypto market sentiment surges

ChainCatcher news, Greeks.live researcher Adam posted on social media that the U.S. election ended with a landslide victory for Trump, and Bitcoin simultaneously broke through its historical high, driving multiple mainstream cryptocurrencies to surge. The market sentiment is currently very high. The crypto market is now independent of other markets, and often important fundamental turning points are first reflected in the crypto space. Last Friday's interest rate meeting decided to cut rates by 25 basis points, and the fundamentals of the rate-cutting cycle are supporting the investment market. The implied volatility (IV) of the current options at-the-money has already dropped below 60%, with strong selling pressure from sellers who are selling into the big market.The U.S. election ended with a Trump victory, and last Friday's interest rate meeting decided to cut rates by 25 basis points. The crypto market reacted strongly, with Bitcoin breaking through its historical high, and both funding rates and futures premiums showing strong bullish sentiment. In terms of options, the implied volatility (IV) of the current options at-the-money has dropped to 80%, with strong selling pressure from sellers who are selling into the big market. Currently, the short-term skew of Bitcoin has risen significantly, while the mid to long-term skew has decreased. The options market still needs to observe the movements of the whales.In the crypto interest rate market, the Bitfinex interest rate market has been relatively stable recently, with occasional high-interest orders of 20%. When encountering suitable interest rate orders, it is worth actively trading, especially during market movements.

Sun Yuchen: Trump's presidency will bring a huge transformation to the Web3 industry, and the potential of the crypto market is severely underestimated

ChainCatcher news, Huobi HTX global advisor Sun Yuchen stated in the Spaces open mic titled "Waiting for the Dust to Settle in America, Witnessing BTC's New High" that Trump's presidency could bring a "180-degree turnaround" for the Web3 industry. He pointed out that this change would not only create a more relaxed policy environment but also promote innovation and mainstream development in the Web3 field, making it possible for the industry to welcome a freer innovation environment and broad support.In addition, Sun Yuchen commented on Bitcoin breaking its historical high, stating that under the current election backdrop, many cryptocurrencies have not yet reached their deserved heights. The regulatory pressure over the past four years has shaken internal confidence, and outsiders lack a deep understanding of the industry, exacerbating the information gap. He emphasized that investors should not underestimate Trump's profound impact on the crypto market; once his policy inclinations become clear, the crypto market may experience a stronger upward momentum.Regarding the industry's prospects, Sun Yuchen stated that cryptocurrencies are gradually forming influence globally and are continuously moving towards the mainstream at both policy and market levels, with their position in society and politics becoming increasingly important in the future.

Bitget Research Institute: The election becomes a catalyst for the rise of the crypto market, with BTC aiming for 100,000 USD

ChainCatcher news, Bitget Research Institute stated that in the short term, Polymarket shows that the market believes the probability of Trump winning exceeds 90%, which is a significant deviation from the then poll results. Trump secured the crucial votes in Georgia, further increasing his winning probability, leading to a panic entry of cautious funds, pushing the BTC price to new highs. Bitget Research Institute reminds that attention should be paid to the risk of a pullback due to short-term profit-taking after the election.In the medium to long term, Trump's election is favorable for BTC, but his policy direction may push up inflation levels in the United States, and the medium to long-term U.S. interest rates may remain above 3.5%. The Republican Party may sweep Congress this time, which could promote a regulatory framework favorable to the crypto market, benefiting the crypto market in the medium to long term.Additionally, Bitget Research Institute pointed out that in the derivatives market, the IV of the options market has risen, and the open interest in the contract market has increased by 900 million USD in the short term, indicating that traders are betting on future volatility. Furthermore, after the market capitalization of stablecoins broke a new high, it has been fluctuating around 160 billion USD, providing significant leverage space for the market, and BTC may reach the level of 100,000 USD within 5 months.
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