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[QCP Capital: The US Presidential Election Is About To Be Settled, And Bitcoin's Bullish Momentum Is Expected To Remain Strong] QCP Capital, A Crypto Investment Institution In Singapore, Wrote: "As Long As Trump Gets A Few More Votes, The 2024 Presidential Election Will Be Basically Settled. Trump Has Been Leading In The Polls From The Beginning, And Now Everything Depends On Arizona, Michigan, Nevada And Wisconsin. More Than Half Of The Votes In These States Have Been Counted, And The Balance Is Tipping Towards Trump. The Dollar Surged 1.2%, And U.S. Treasury Yields Also Climbed As The Market Expected Stronger Economic Growth And Increased Fiscal Spending. The 10-year Treasury Yield Rose 15 Basis Points, While The 2-year Treasury Yield Rose 8 Basis Points, Indicating That Investors' Expectations Have Increased. Despite Market Expectations, Due To Trump's Proposal The Likelihood Of Rate Cuts Will Decrease If The Fed Adopts A "friendlier" Policy, But The Market Still Expects 1.8 Rate Cuts This Year And Another Three Cuts Next Year. The Cryptocurrency Market Is Extremely Hot, And Bitcoin Has Broken Through Again To Reach A New All-time High Of $75,000 After Setting The Previous All-time High Of $73,500 On March 14. Since Then, Bitcoin Has Mainly Traded In A Narrow Range Below $70,000. It Is Worth Noting That Since The Birth Of Bitcoin In 2009, It Has Gone Through Three Election Cycles, And New Highs Have Been Reached After Each Cycle, And The Price Has Never Fallen Back To The Pre-election Level. This Bullish Momentum Is Expected To Remain Strong As We Enter 2025."
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