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As Donald J. Trump, the 47th President of the United States, prepares to take office in just days, global markets are already feeling the impact. With the inauguration set for January 20, uncertainty looms regarding economic policies. Concerns over inflation, rising bond yields, and fluctuations in the cryptocurrency market have captured the attention of market watchers.
Trump’s Economic Policies and Inflation Concerns
The U.S. economy is highlighted by a robust labor market and unexpectedly strong Non-Farm Payroll (NFP) data. The Consumer Price Index (CPI) is expected to exceed the previous month’s figures, while the Producer Price Index (PPI) reported lower figures. However, Trump’s rhetoric regarding trade policies is fueling inflation concerns.
Particularly, the gradual imposition of tariffs on China is raising tensions in the markets.
These developments are driving U.S. Treasury yields higher. The yields on 10-year and 30-year bonds are approaching 5%, negatively impacting stock markets. The S&P 500 faces the risk of dropping below the 5800 level, while Bitcoin (BTC) 
$108,311 briefly dipped below $90,000. The cryptocurrency market remains fragile amidst this uncertainty.
Optimistic Expectations in the Cryptocurrency Market
According to QCP Capital, some individuals within the Trump administration are showing a friendly attitude towards cryptocurrencies, providing hope for investors. Analysts suggest that rumors of supportive decisions for the crypto market could offer short-term support. However, general market uncertainty continues to prompt cautious actions from investors.
Analysts anticipate increased volatility following Trump’s inauguration. The ongoing testing of the $90,000 level for Bitcoin and rising bond yields indicate that risks persist in the market. QCP Capital cautions that investors should remain vigilant amid market fluctuations during this period.
