QCP Capital noted that despite higher volatility in Bitcoin during Trump’s speech at the Bitcoin Conference, the market did not see the wild swings that options traders expected. Bitcoin remains within the $67,000 to $70,000 range and volatility has declined significantly. Trump's speech was in line with industry expectations, but the market may need a more significant catalyst for a breakthrough, which may occur closer to the U.S. election, when promises and policies will be clearer.

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