QCP Capital’s report on November 8 revealed that Bitcoin spot ETF funds had a net inflow of $1.38 billion, due to optimism surrounding Trump’s victory and the Federal Reserve’s 25 basis point interest rate cut. This caused BTC to rise to $77,000. However, some “Trump deals” have been unwinding, and market assessments of Trump’s proposed 60% tariffs on China and the US’ rising national debt have reduced Bitcoin’s risk premium.
This could lead to a continued BTC bull market and positive feedback.
