GuShiio.com QCP Capital pointed out that in the crypto market, since Trump took office, the popularity of altcoins has increased. The SEC has received a number of ETF applications related to altcoins, including XRP. Brazilian regulators have approved the world’s first spot XRP ETF. The market is concerned about whether this will push the United States to further open up the crypto ETF field in 2025. In the options market, demand for high Delta BTC call options was strong from February to April, and the 25 Delta implied volatility has fully turned bullish, and the market is betting that the second phase of the bull market will begin. In terms of the macro environment, inflation concerns eased, the S & P 500 index hit a new high, and the US dollar index (DXY) fell back to around 107, which is generally beneficial to risky assets.
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