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.