Trump-Harris Debate Expected to Drive Cryptocurrency Volatility, Says QCP Capital

September 10, 2024

QCP Capital anticipates that the highly anticipated debate between Donald Trump and Kamala Harris could significantly impact the cryptocurrency market. Both figures, being among the most polarizing in recent U.S. political history, are expected to influence price action in the days leading up to the debate.

QCP Capital Forecasts Price Fluctuations Ahead of Trump-Harris Debate

In its latest market report, QCP Capital notes that while cryptocurrency prices have stabilized after a recent decline, implied volatility remains high. Market participants are bracing for further price swings before two key events: the Trump-Harris debate on September 10 and the release of the U.S. Consumer Price Index (CPI) on September 11, 2024.

The CPI report will be released just a week before the Federal Reserve decides on the federal funds rate.

QCP Capital, based in Singapore, also highlights the market’s cautious outlook, with risk biases leaning towards put options on Bitcoin (BTC) and Ether (ETH), reflecting concerns about potential downside risks.

Despite the volatility and uncertainty, QCP maintains a “structurally bullish” stance on cryptocurrency assets, citing significant long-term positions being executed. The firm notes, “It certainly appears that the market is also using this dip to accumulate more long-term bullish positions.”

The report also highlights substantial call option purchases for March 2025, with strike prices of $85,000, $100,000, and $120,000 for BTC, indicating continued confidence in the asset’s long-term growth. The firm suggests that market participants are leveraging the recent price decline to build long-term positions, despite short-term noise.

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Review Of PrimeXBT: The Leading Tool of Trading Exchange and Numerous List of Benefits

Isn’t it a challenging part to discover and utilize the best trading platform? Even if you sort it out, will you be able to find out your favorite tool, which you have already used and comfortable enough to trade? Do you have any idea about its security, reliability, and loyalty, and the price it requires? That’s the reason for coming up with this review. This will assist you in picking the best platform among the ocean of fake advertisements. Read before your ride. In revealing this PrimeXBT review, the main focus is to enlighten you about its features, signup, and how to start trading. A Brief About PrimeXBT This is the trending cryptocurrency platform, and it has been awarded the best Bitcoin-based platform ever. Some more award wings were added to its feathers like Best Cryptocurrency and Forex Broker, Best Crypto Trading App by Forex Awards, and winner of Garnering for the best Bitcoin Margin Trading Station by the prestigious ADVFN Awards. Let’s Focus on How to Register There Registration is as simple as plug-and-play. It only requires your country and email address for a new user, nothing else, no personal details and all. You can make your first deposit by creating your first account within a minute. You can use the free demo account also. Your data and capital both will be secured here. Trading has the risk factor, so, naturally, your capital will be put at risk when you start trading. However, the platform features and the tools will work on behalf of you and reduce the risk factor. Check Out the Method of Depositing the Amount All accounts are designated by BTC, and deposits have to be made at the BTC address. The lowest deposit you can make is 0.001 BTC. BTC is used for all security purposes. You can make funds after the 3 minimum Bitcoin deposits. You can go for some additional deposit methods like altcoins or flat pay using the third-party service, i.e., Changelly. Once you successfully deposited, the trading account will show funded. This tool helps to separate the capital from the current available margin balance. Along with that, you will get two more new features Covesting and Turbo that will show both the balance independent in your wallet. How to Withdraw the Balance? The withdrawal method is simple, and you just need to remember to send it to another BTC address. Otherwise, it will be a loss case of funding. Withdrawals are rolled over once a day. The possibility of your pending withdrawal cancelation happens only if the rollover is not successfully approved. Let’s Focus on The Trading Instruments and Tools PrimeXBT provides approx. 1000X leverage facility on commodities, forex, cryptocurrencies, and Stock markets. FX Currencies provided 25 major offers along with new currencies. All Forex, Silver including Gold, you can trade up to 1000X. Twelve different stock markets, including natural gas, Crude oil, and Brent CFDs offered for trading up to 100X. Bitcoin, Ethereum, Litecoin, EOS, and Ripple are provided trading pairs against USA and BTC up to 100X. Your assets can be traded using a short or long period so that the traders can get a profit without depending on the market’s situation. The take-profit orders and stop-loss orders help you to enable short and long risks. These types of advance orders you can use after making a trade. PrimeXBT features like charts, technical utilities, indicators, and strategic planning and execution are available here. If you want to speak about execution, this platform offers a user-friendly feature; simply enter the positions by clicking on the chart. Users can customize the interface with numerous widgets, and it will allow them to trade according to their customization. Here Are the Highlights of the Fee Structure This platform, PrimeXBT, keeps the best and most nominal fees from anywhere. Comparing all bitcoin trading pairs, the price is only 0.05%. But the Forex price is so low, like 0.001%. If you are an active trader and a good gamer, you can take advantage of this fee system along with a 50% discount. You can notice a method in the account section to track the discount tier’s status, which starts from 25% to 50% off. Refer and Earn Commission According to the leaderboard, the traders of this platform already initiated 50 BTC alone. This was only possible by the four-level referral program. A referral is a chain, so whenever you refer someone and bring back the trader on this platform, you will always get a new commission on each new referral. Even if you refer a person who brings a new member, that time you also get the commission. You can get CPA offers also, like ambassador relationships, along with personal customer care support. Some Extra Features of PrimeXBT Being a user of this platform, you can get a break from the quo status. Recently they launched a new synthetic Bitcoin feature named TURBO. These short-duration UP/DOWN contracts stay 30 sec, 1 minute, or 5 minutes only, and this way, you can earn 90% profits. This must be inspiring and encouraging too. But remember, there is quite a chance of losing all the capital using these sorts of contracts. So, it is only useful with individual traders who have high command and strong trading knowledge. This tool is useful enough to get a possible revenue without expecting a high percentage. Another new beta tool has been launched, known as the Covesting Fund Management Module. This service connects investors with the fund managers so that both can gain profit together. Final Words Being a PrimeXBT member, you can benefit from all the price movements and utilize that up to 1000x on bitcoin, forex, commodities, and the stock market. You don’t need to do the KYC or nominee to deposit. Within 60 seconds, you can complete your account registration. Just give it a try and enjoy the spark of trading with high and immediate profit and earnings.
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Bitcoin Price Action: What to Expect Next

Bitcoin’s Recent Price Movements and Key Indicators Bitcoin’s recent price movements have caused concern among investors about what might come next. However, by looking at key indicators such as the 200-week moving average, the Pi Cycle Top Indicator, and the Golden Ratio Multiplier, we can gain insights into potential support and resistance levels for Bitcoin. Leaning Bearish? In recent weeks, Bitcoin’s price has fluctuated, dipping as low as $53,000 before stabilizing in the middle of our newly formed $50,000 to $60,000 range. If this bearish price action is to continue and price breaks to lower lows, the 200-week moving average heatmap, a historically critical support level, is currently close to $39,000 but fast approaching $40,000. This round psychological level also aligns with the Bitcoin Investor Tool, which has also converged with the 200-week moving average, creating potential downside targets. Key Support Levels Historically, the 200-week moving average has acted as a strong support level for Bitcoin during bearish cycles. Any further drop could test this level, making it a point of interest for long-term investors. The 200-week moving average not only offers technical support but also represents a zone where significant buying activity has taken place during previous market corrections. Investors will likely be looking closely at this region as the next level of support if Bitcoin were to experience another downturn. Nearby Targets Above the current price, there are several important levels that investors need to monitor closely. One of the most crucial indicators is the Pi Cycle Top Indicator, which suggests a resistance level of around $62,000, based on the 111-day moving average. Historically, the Pi Cycle Top Indicator has been a reliable tool for identifying Bitcoin’s potential top during bull runs, although its accuracy can fluctuate depending on the market context. Another important indicator, the Golden Ratio Multiplier, shows the 350-day moving average around $53,000. This has been a solid support level during this market cycle, as it corresponds closely with the technical $52,000 support and the significant psychological support at $50,000. Traders and investors will likely see these areas as battlegrounds for market sentiment in the near term. Psychological Levels Psychological levels such as $50,000 often play a pivotal role in shaping market behavior. These levels are not only based on technical analysis but also reflect the general sentiment of traders. When prices reach these round numbers, traders often react by placing stop-loss orders or initiating buy/sell orders, contributing to increased market activity. More Chop? In the short term, Bitcoin could continue ranging between the low $50,000 region and the $60,000 resistance. This price action is reminiscent of the range that was established between $70,000 and $60,000, leading to stagnant price action for much of 2024. Although the price has been fluctuating within a narrow range, Bitcoin’s long-term outlook remains promising. It has, after all, experienced similar periods of range-bound price action before breaking into new all-time highs. One thing to keep in mind is that these periods of consolidation and low volatility can sometimes last for weeks or even months before a significant move occurs. Investors looking for short-term gains might feel frustrated, but history has shown that patience often pays off. The key is to understand that the market operates in cycles, and these periods of low activity are often precursors to more significant moves. Long-Term Outlook For long-term investors, these price movements are less concerning. Historical data shows that despite periods of volatility, Bitcoin tends to recover and enter new bullish phases. The fundamental strength of Bitcoin, such as its fixed supply and growing institutional adoption, remains unchanged despite short-term price fluctuations. Therefore, investors need to remain patient and stick to their investment strategies during these periods of market uncertainty. Key Indicators and Market Sentiment The Pi Cycle Top Indicator and the Golden Ratio Multiplier are not the only indicators that investors are looking at. Other factors such as market sentiment, macroeconomic conditions, and institutional activity also play a significant role in shaping Bitcoin’s price trajectory. For example, growing adoption by institutions such as major hedge funds and corporations has added a layer of stability to the market, while geopolitical events and monetary policy shifts continue to influence investor sentiment. Recently, macroeconomic factors such as inflation data and Federal Reserve policy have had a noticeable impact on Bitcoin’s price. The anticipation of rate cuts or changes in monetary policy often drives investors towards risk-on assets like Bitcoin and equities, contributing to price spikes. Conversely, the announcement of tighter monetary policy can lead to risk-off sentiment, causing temporary price declines. Correlation with Equities Bitcoin’s correlation with the stock market is another important factor to consider. In recent years, Bitcoin has shown a higher correlation with equity markets, particularly tech stocks. This correlation is likely due to the increased participation of institutional investors who treat Bitcoin as a risk-on asset similar to high-growth stocks. As a result, when stock markets experience volatility, Bitcoin often follows suit. Conclusion For long-term investors, it’s important to remain calm and not be swayed by day-to-day price changes. Over-trading often leads to poor decisions and losses, and the key is to stick to a strategy, whether it involves accumulating at support levels or taking profits at resistance. Understanding key support and resistance levels can help investors make more informed decisions and avoid emotional reactions to natural market fluctuations. Bitcoin’s recent price action has not been ideal for short-term traders, but the long-term outlook remains positive. By utilizing technical analysis and monitoring key indicators such as the 200-week moving average, Pi Cycle Top Indicator, and Golden Ratio Multiplier, investors can gain valuable insights into potential market moves. These tools provide a framework for understanding where Bitcoin might find support or encounter resistance, allowing investors to plan their strategies accordingly. Despite short-term fluctuations, Bitcoin’s long-term potential remains intact, especially as institutional adoption continues to grow. Investors who can weather the volatility are likely to benefit from Bitcoin’s upward trajectory in the coming years, as the fundamental factors driving its growth remain >>Read more
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Preparing For Your ICO? Don’t Forget to Check ICORating’s Security Report

Cryptocurrency, along with blockchain technology in general, has developed an ironclad reputation for security. And for good reason too – when everything is working smoothly, as we all know, it offers the most secure, decentralized method for trading the world has ever seen. But, hearing that, countless enthusiasts make stupid mistakes that cost their companies and platforms millions. This is the message that Russian experts Mikhail Filatov and Dmitri Vasilev want everyone to remember, especially when dreaming up their currency or ICO. Over the past few years, online crooks have made off with hundreds of thousands of dollars worth of various cryptocurrencies, all from different exchanges. This is a high-risk industry and it can attract big investors who are ready to lose a little on their search for something big – this draws in hackers and other malevolent actors who are interested in fleecing you for your hard-earned tokens. This, Filatov says, will not do. This is why it’s so important to be aware of the resources that are out there that can protect your investments. ICORating is one of the best on the market. What is ICORating? ICORating is an analytical agency whose sole purpose is to decipher the world of crypto so that its readers can find the best and most relevant information as quickly as possible. This not only includes mentions of the biggest newsmakers in the industry (although it does) but also in-depth trend analyses as well as security reports. The company takes great pride in its independence and guards it fiercely. It started collecting vast reams of data in 2016 and specializes in the analysis of all stages of the crypto process: ICO, STO, and post-ICO. They also develop strategies for crypto entrepreneurs who seek them out as consultants. All of this leads to a rating given by the company to various currencies and ICOs – this allows for a certain degree of confidence when their readership goes about making decisions about where to invest and how. Their security reports and ratings are crucial to making sure that newer investors are as informed and empowered to make independent decisions. This is what draws experts like Dmitry Vasilev and Mikhail Filatov to rely heavily on resources like these. When you have a strong resource, why wouldn’t you use it? How To Use The ICORating Security Features and Analyses? “Making sure your investments are secure,” says Filatov, “is crucial to moving forward with confidence.” One of the ways that he does so is by starting with the ICORating Exchange Security Report. “It’s a great way for newer investors and ICO planners to get up to speed with the industry and its potential snags,” says Dmitri Vasilev. “The report is free and covers a broad range of issues that one needs to be aware of.” While the report is wide-ranging, it deals in part with issues such as console errors, registrar and domain security, user account security, and web protocol security. “While it might seem like basic internet security practices,” Mikhail Filatov continues, “these all form a wall that protects you from hostile parties who want to abuse you and your ICO for their benefit. If a little bit of research can make you more resistant to that kind of attack, why wouldn’t you want to have that kind of information in your arsenal?” What Things Do ICO Organizers Need To Be Aware Of? While the security report goes over various scenarios in detail, several general trends can be mentioned without going too deep. The first issue is potential vulnerabilities that come in from the user’s side. When someone makes a bid or gets involved in the ICO, every single interaction they make with a platform can become a vulnerability to hostile parties. Taking simple measures to increase user account security can save a lot of hassle down the road – making sure that all user passwords meet a certain standard of security is one example of a strategy to ensure confidentiality and integrity. Then come the different ways that security can be bolstered on the site’s end. “Everything from your domain to your web protocols can become an Achilles Heel if you’re not careful,” writes Mikhail Filatov. “When you design a platform and site for an ICO, you need to be aware of the steps you can take to ensure your safety and the safety of your brand.” “While user behavior is beyond your control,” Dmitri Vasilev agrees, “taking steps to increase security on your end is entirely up to you.” Filatov and Vasilev are major proponents of crypto security in Eurasia and hope to see best practices become more widespread as many new platforms spring up across the continent. “Trusted sites like ICORating exist for a reason, and are successful for a reason,” says Filatov. “We don’t have to reinvent the wheel to get the quality we’re seeing here. So we should take advantage of it.” Given the wide reach and audience these experts have in the CIS and beyond, they can rest assured that indeed these best practices are reaching ever-widening audiences.
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Bitlouis Bitcoin Mining Company Has Become Star of the Year 2020

The development of technology this much has caused Bitcoin technology to become very popular. Bitlouis Bitcoin Mining Company, one of the many companies competing in this field, reached the number of 30 thousand customers in the first half of 2020 and made a turnover of 300 million dollars. With this success, the company once again proved itself and the strength of its employees and became the star of 2020. Many customers preferred Bitlouis for Bitcoin, the new generation currency that is gaining value every day and is sought after in the business world. Bitlouis Bitcoin Mining Company continues to develop by increasing the number of its customers every day and has completed the first six months of the year we are in. Mining Company Wanted For Bitcoin: Bitlouis Bitcoin, which can be bought and sold digitally, saved, and kept in virtual wallets, has become a topic that everyone has talked about in recent years. People can easily transfer money and trade with Bitcoin currency. For this reason, Bitcoin mining companies have emerged that deal with stock exchange transactions such as the production, sale, and transfer transactions of this virtual currency. Bitlouis is a high-quality and reliable Bitcoin mining company. Bitlouis has proven itself in the world market with a turnover of 300 million dollars this year. The strength of the operation of the company made it one of the stars of the Bitcoin market and carried it to the top. Many companies and individuals easily realized Bitcoin purchasing, saving, and transfer transactions thanks to Bitlouis. The company, whose number of customers is increasing day by day, continues to develop and grow itself. Where is Bitcoin Used? The Bitcoin market is growing day by day and people are shopping with this new generation of virtual currency. So, where is this virtual currency which has been on the agenda recently used? Bitcoin is an easily transferable currency that can be kept and saved in a virtual environment. This new-generation currency, which can be exchanged for other currencies, is preferred by many people in trade and shopping. Many transactions such as the production, sale, and transfer of this currency can be easily done through Bitcoin mining companies. Bitlouis is one of the star companies in this field with 30 thousand customers and 300 million dollars in turnover in the last six months of 2020. Bitlouis Bitcoin Mining Company Rises Every Day The number of online shopping stores where you can shop with Bitcoin is increasing day by day, and most companies are using this new-generation currency. For this reason, people use professional companies to purchase and transfer Bitcoin. Bitlouis continues to provide the highest quality service to its ever-increasing customers. This company, which has a place in the world market, proved its strength with the turnover it had in the first month of the year. It continues to serve by increasing its performance day by day.
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Understanding Bitcoin: A Comprehensive Guide to the World of Cryptocurrency

In the rapidly evolving landscape of finance and technology, Bitcoin has emerged as a revolutionary concept that continues to captivate the world. But what exactly is Bitcoin, and how does it work? Let’s explore the intricacies of Bitcoin, exploring its origins, technology, uses, and prospects. What is Bitcoin? Bitcoin, often referred to as digital gold, is a decentralized digital currency that operates on a peer-to-peer network without the need for intermediaries such as banks or governments. Bitcoin was introduced in 2008 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. The underlying technology that powers Bitcoin is known as blockchain, a distributed ledger that records all transactions securely and transparently. How Does Bitcoin Work? At its core, Bitcoin relies on cryptographic principles to secure transactions and control the creation of new units. Users can send and receive bitcoins through their digital wallets, which are secured by private keys. Transactions are verified by network nodes through cryptography and recorded on the blockchain, ensuring immutability and transparency. Key Features of Bitcoin Decentralization: Bitcoin operates without a central authority, making it resistant to censorship and control. Limited Supply: There will only ever be 21 million bitcoins in existence, making it a deflationary asset. Pseudonymity: While transactions are recorded on the blockchain, the identities of users are not directly tied to their Bitcoin addresses. Transparency: The blockchain allows anyone to view transaction history, promoting trust and accountability. Uses of Bitcoin Bitcoin has a wide range of use cases, including: Peer-to-peer transactions: Users can send bitcoins to anyone in the world without the need for intermediaries. Store of value: Many investors view Bitcoin as a hedge against inflation and a store of wealth similar to gold. Remittances: Bitcoin enables low-cost and fast cross-border payments, particularly in regions with limited access to traditional banking services. Decentralized finance (DeFi): Bitcoin serves as the foundation for a variety of decentralized financial applications, including lending, borrowing, and trading. Challenges and Risks While Bitcoin offers numerous benefits, it also faces challenges and risks, including: Price volatility: The value of Bitcoin can fluctuate dramatically over short periods, posing risks to investors. Regulatory uncertainty: Governments around the world are still grappling with how to regulate cryptocurrencies, leading to uncertainty and legal challenges. Security concerns: While the Bitcoin network itself is secure, individual users must take precautions to protect their digital wallets and private keys from theft or loss. The Future of Bitcoin Despite the challenges it faces, Bitcoin continues to gain mainstream adoption and recognition as a legitimate asset class. Institutional investors, corporations, and governments are increasingly embracing Bitcoin as a store of value and a hedge against economic uncertainty. As technology continues to evolve and the world becomes increasingly digital, Bitcoin is poised to play a central role in shaping the future of finance. Conclusion In conclusion, Bitcoin represents a paradigm shift in the way we think about money and finance. With its decentralized nature, limited supply, and transparent technology, Bitcoin offers a compelling alternative to traditional fiat currencies and financial systems. While it may not be without its challenges, the potential for Bitcoin to revolutionize the global economy is undeniable. Whether you’re a seasoned investor or just curious about the world of cryptocurrency, understanding Bitcoin is essential in navigating the digital economy of the future. *** Ready to explore the world of Bitcoin? Get started today by setting up your digital wallet and acquiring your first bitcoins. Join the millions of individuals and businesses around the world who are embracing the future of finance with Bitcoin.
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Trump-Harris Debate Expected to Drive Cryptocurrency Volatility, Says QCP Capital

QCP Capital Forecasts Price Fluctuations Ahead of Trump-Harris Debate

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