Bitcoin (BTC) Analysis and Altcoin Analysis in the Wake of Trump's Victory

Wednesday, 6 November 2024, 10:00

Altcoin analysis reveals key trading strategies post Donald Trump’s election victory. Bitcoin (BTC) analysis indicates significant market movements, urging traders to seize opportunities. With the total crypto market cap increasing by $205 billion in one day, 10x Research suggests five strategic trades leveraging the newfound volatility.
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Bitcoin (BTC) Analysis and Altcoin Analysis in the Wake of Trump's Victory

Altcoin Analysis and Market Response

Following Republican candidate Donald Trump claiming victory in the 2024 US Presidential Elections, an *upsurge* in the crypto market became evident. Bitcoin (BTC) experienced a *new all-time high*, while the total crypto market capitalization soared by *$205 billion* in a single day. This shift has prompted traders to explore *trade opportunities* amidst the prevailing market volatility.

Top 5 Crypto Trade Ideas by 10x Research

  • Trade 1: Sell Bitcoin Puts - The implied volatility of Bitcoin's at-the-money options has surged to 85%, suggesting that traders can capitalize on this elevated volatility before major events.
  • Trade 2: Use Ethereum as a Funding Short - Ethereum's gas fees and DeFi activity saw a brief rise, yet with increasing treasury yields, this might affect the attractiveness of holding ETH.

Market Insights for Traders

Traders are encouraged to manage gamma effectively while waiting for key developments, particularly surrounding Ethereum ETFs. Understanding *trends* in implied versus realized volatility can offer significant advantages as this burgeoning market evolves.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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