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Bitcoin breaks through 69000 dollars, Trump's election situation ignites a wave in the crypto market.
Crypto Assets Market Dynamics and Future Outlook
As of October 27, a certain data platform's statistics on major Crypto Assets show:
The discussion volume for Bitcoin last week was 12.74K times, down 12.59% from the previous week; the closing price last Sunday was 68,532 USD, up 2.13% from the previous week.
The discussion volume on Ethereum last week was 3.96K, an increase of 9.21% compared to the previous week; the closing price last Sunday was $2520, up 1.69% from the previous week.
The discussion volume for TON last week was 906 times, a decrease of 15.43% compared to the previous week; the closing price last Sunday was 4.99 dollars, an increase of 0.83% compared to the previous week.
As the 2024 U.S. presidential election approaches, investors are increasingly focused on the future trends of Crypto Assets. The price of Bitcoin has surpassed the $69,000 mark, generating strong bullish sentiment in the market. Trump's campaign is gaining strength, and his potential friendly policies have sparked anticipation within the industry, attracting the attention of Wall Street investors. Against this backdrop, individual investors are leveraging artificial intelligence tools to seize investment opportunities.
The Situation of the U.S. Election and the Crypto Assets Market
With two weeks to go until the U.S. election, Trump appears to have the advantage. A certain prediction market shows that Trump's probability of winning is as high as 64.5%, leading his opponent by nearly 30 percentage points. Trump's recent move to personally serve at a fast food restaurant has sparked widespread discussion.
The Trump campaign has stated during the election that it aims to strengthen the United States' leadership in global Crypto Assets regulation, a stance that brings positive signals to the market. Many investors believe that if Trump is elected again, it could provide more policy support and development space for the Crypto Assets industry.
Recently, several well-known financial institutions have started to pay attention to the "Trump Trade", which refers to investment strategies based on expectations of Trump’s policies, including shorting long-term government bonds, going long on Crypto Assets, and high-risk stocks.
Popular investment targets related to Trump include:
WLFI is a Crypto Assets project initiated by the Trump family, planning to build lending services based on Ethereum and Aave. The project has completed public fundraising, raising over 12.5 million dollars.
Bitcoin Price Trend Analysis
Bitcoin recently broke through 69000 USD, and the market is generally optimistic about a new bull market. The main reasons for the price increase include:
It is widely believed in the industry that the Bitcoin spot ETF in 2024 will be a key factor driving the market. Data analysis institutions estimate that approximately $70 billion in new funds will flow into the market through the ETF. At the same time, expectations of potential interest rate cuts by the Federal Reserve are also expected to support the rise in coin prices. Some analysts predict that the price of Bitcoin could reach $110,000 by the end of 2024.
AI Trading Tools Assist Investment Decisions
In the second half of 2024, in addition to the uncertainty of the US elections and global financial markets, the development of blockchain and artificial intelligence technologies will also create new opportunities for investors. In the face of a complex market environment, choosing efficient and reliable investment tools becomes crucial. AI trading tools play an important role in the following aspects:
Compared to traditional trading methods, AI trading has significant advantages in market analysis speed, decision-making processes, risk management, market response efficiency, learning adaptability, trading costs, execution time, and profitability.
The main features of the AI-assisted trading tool include:
Outlook
The market in 2024 still has many uncertainties, and the global political and economic landscape along with technological innovations will drive rapid changes in the market. With the continuous appreciation of Bitcoin and other Crypto Assets and potential favorable policy support, market confidence is expected to further strengthen. Investors need to closely monitor market dynamics and use intelligent trading tools to seize opportunities amidst volatility, achieving better investment returns.