Analysis: Trump's inauguration may promote the next round of Bitcoin rebound

Odaily Planet Daily News: Analyst Omkar Godbole said that the defensive layout of the stock market may stem from concerns that President elect Trump's inauguration ceremony on January 20th may become a "bullish" event. In the past two months, due to expectations that Trump will introduce reforms that benefit businesses and the economy after taking office, the risk-taking sentiment in the financial market has increased, but the possibility of profit taking cannot be ignored. Trump will take office on January 20th, which will change cryptocurrency regulatory regulations and even change Bitcoin's strategic reserves in the coming months, laying the foundation for the next round of rebound. QCP Capital in Singapore also holds a similar view, stating that traders should closely monitor this week's FOMC and NFP data before further layout, as these data are expected to further affect the price trend of Bitcoin. （CoinDesk）