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First Line｜ETH ETF single-day inflow exceeds 330 million, creating a historical high, AltCoin generally pump
2024-12-02 03:51
Web3 Research Weekly | This week the market continued its upward trend; Solana's DEX monthly volume exceeded $1 trillion for the first time; BTC stablecoin USDa circulation exceeded 200 million coins
2024-11-29 08:13
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JPMorgan: BTC will continue to benefit from the 'Trump's victory' narrative in the next 8 weeks.
On November 8th, in a report released on Thursday, JPMorgan stated that it believes BTC will continue to benefit from the Republican victory in the US presidential election. The report states that Trump’s victory will generate similar reactions to 2016 in the next eight weeks or so. Despite the surge in BTC and the decline in gold prices due to Trump’s victory, Trump’s policies may provide support to both in 2025. When traders try to hedge against currency depreciation and geopolitical resistance, both gold and BTC may benefit from ‘devaluation trading’. JPMorgan believes that Trump has repeatedly stated that he will support the digital asset industry and increase tariffs, both of which may ultimately help BTC.