A moment ago, a news alert popped up on my phone: the Republicans had lost both chambers of Congress.
A lot of people saw Trump being constrained and immediately thought crypto was about to plunge. But what happened? BTC didn’t fall—instead, it gradually climbed back to 77,600.
The logic is easy to understand:
What people fear most is not knowing how things will turn out. Once the news became official, people felt a weight lift off their shoulders.
Many think it’ll be harder to pass crypto-friendly policies from now on. But don’t forget: the SEC chief in charge is still Trump’s pick, so regulations haven’t gotten any stricter.
On top of that, with the two sides of Congress at each other’s throats, neither can spend money recklessly. The dollar becomes less appealing, and with less pressure on capital, hot money naturally flows into crypto.
That rebound just wiped out all the retail traders who panicked after seeing the news and rushed to short.
When trading, pay more attention to where the money is flowing. Blindly chasing headlines is the easiest way to become cannon fodder.
A lot of people saw Trump being constrained and immediately thought crypto was about to plunge. But what happened? BTC didn’t fall—instead, it gradually climbed back to 77,600.
The logic is easy to understand:
What people fear most is not knowing how things will turn out. Once the news became official, people felt a weight lift off their shoulders.
Many think it’ll be harder to pass crypto-friendly policies from now on. But don’t forget: the SEC chief in charge is still Trump’s pick, so regulations haven’t gotten any stricter.
On top of that, with the two sides of Congress at each other’s throats, neither can spend money recklessly. The dollar becomes less appealing, and with less pressure on capital, hot money naturally flows into crypto.
That rebound just wiped out all the retail traders who panicked after seeing the news and rushed to short.
When trading, pay more attention to where the money is flowing. Blindly chasing headlines is the easiest way to become cannon fodder.