QCP Capital: The rapid rebound in the market shows strong buying power, with short-term macro risks but still bullish
ChainCatcher news, QCP Capital's latest analysis points out that established cryptocurrencies have experienced a significant upward trend in the past two weeks since 2021. XRP has broken through its historical high of $2 in February 2021, surging 400% to $2.90 since November. During the same period, veteran projects like ADA, HBAR, and XLM recorded increases of 300%, 800%, and 600% respectively, showcasing the strong momentum of traditional crypto assets.This round of increase is mainly driven by two factors: first, Trump's proposal in November to eliminate capital gains tax on cryptocurrencies issued by U.S. companies; second, potential pro-crypto cabinet nominees. It is reported that current Cantor Fitzgerald CEO Howard Lutnick may take over as Secretary of Commerce, as his company is currently in negotiations with Tether. Meanwhile, the SEC chair position may be taken over by pro-crypto Paul Atkins, replacing current chair Gary Gensler.Although South Korea's implementation of martial law temporarily caused Bitcoin to drop to $93,500, the subsequent rapid rebound in the market indicates strong buying power. The report notes that while inflation concerns have compressed the expectation for three Fed rate cuts by 2025, and geopolitical risks from Trump regarding China, Mexico, Canada, and BRICS countries still exist, the cryptocurrency market is still expected to continue its upward trend.Analysts believe that with the potential launch of crypto-friendly policies by Trump's team and the continued entry of institutional investors, the goal of Bitcoin breaking $100,000 and Ethereum reaching new historical highs is shifting from a dream to reality. Investors are advised to pay attention to the strong market momentum and seize investment opportunities.