On #TRUMP 4 25, QCP Capital analysis noted that President Trump paused his criticism of Federal Reserve Chair Jerome Powell this week and promised to slash high tariffs on Chinese goods by 145%, and market sentiment picked up. Bitcoin rose in response, rising as high as $94,500 during the day, rising for the fifth day in a row and briefly overtaking Google parent company Alphabet to become the world's fifth-largest asset. Institutions continued to increase their weight, and Bitcoin's market capitalization position was further consolidated. The $95,000 call option was actively traded, indicating market bets on further upside. The current market sentiment is overheated, and the short-term may be oscillating in the $90,000 to $94,500 range, waiting for a catalytic event to break above $100,000.
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On #TRUMP 4 25, QCP Capital analysis noted that President Trump paused his criticism of Federal Reserve Chair Jerome Powell this week and promised to slash high tariffs on Chinese goods by 145%, and market sentiment picked up. Bitcoin rose in response, rising as high as $94,500 during the day, rising for the fifth day in a row and briefly overtaking Google parent company Alphabet to become the world's fifth-largest asset. Institutions continued to increase their weight, and Bitcoin's market capitalization position was further consolidated. The $95,000 call option was actively traded, indicating market bets on further upside. The current market sentiment is overheated, and the short-term may be oscillating in the $90,000 to $94,500 range, waiting for a catalytic event to break above $100,000.