QCP Capital Analysis: US election and rate cuts could drive year-end bullishness in crypto markets

According to WuTalk, QCP Capital Analysis points out that the bullishness of the cryptocurrency market from now to the end of the year may rely on two factors. First, the US election will end in November this year, and historically the market tends to be optimistic about the election. Trump has been making cryptocurrency-friendly proposals, which may lead Biden to adopt a similar tone as both parties try to win the cryptocurrency vote. Second, unless the Federal Reserve explicitly rules out the possibility of a rate cut or hints at a rate hike, the market seems likely to continue to digest the impact of the rate cut, and these expectations may keep the market bullish for some time.