Bitcoin rebounds slightly on US election hopes

Trump "Raise tariffs, abolish income tax" emphasized BTC, rebounded during the day on the 28th due to Trump's approval rating Altcoins, continued to be weak due to the disappearance of special good news Experts "BTC will eventually rise due to investor interest" The former US President Trump, who is considered a "pro-cryptocurrency candidate", once again emphasized his pledge to abolish income tax, which excited the cryptocurrency market. The US Internal Revenue Service (IRS) currently imposes a tax of up to 37% on cryptocurrencies. As former President Trump's approval rating is still ahead of Vice President Harris in the competition, BTC began to react. Despite the slight rebound in BTC, altcoins continued to be weak. In the absence of special good news to lift altcoins, funds started to flow into BTC. On the 28th, BTC dominance recorded around 59.55%. ◇BTC = As of 4:30 pm on the 28th based on Upbit, the price of BTC is 95.45 million won. As BTC ended the decline that began last week and rebounded, the outlook of experts surrounding BTC has become more optimistic. Cryptocurrency media Cointelegraph said "Funds flowed in even as BTC price fell," adding "This shows that institutional investors still have expectations for a bullish market." Crypto service provider Matrixport said "BTC attracts investor interest as it can replace the dollar," and "BTC has risen 59% this year, outpacing bond ETFs and the S&P 500." It added, "This shows that the value of BTC is recognized among mainstream investors," and "Macroeconomic conditions such as global economic uncertainty, rapid government debt growth, and rising inflation are stimulating demand for BTC." ◇Rising Coin = As of 4:30 pm on the 28th based on Upbit, the cryptocurrency that recorded the largest increase compared to the previous trading day was Solana (SXP), which rose about 6%. Solana (SXP) is a coin that has been rebranded from Swipe. Solana is a multi-asset digital wallet based on a blockchain designed to allow users to securely store their assets. The Solana wallet is designed to allow users to buy, sell, and pay using SXP, including withdrawals. Users can buy or sell fiat currency, purchase gift cards, or exchange for cryptocurrencies supported on the platform through the applications within the wallet. ◇Fear and Greed Index = The Cryptocurrency Fear and Greed Index provided by Alternative is at 72 points, entering the 'Greed' stage. The Greed stage is a period of high price volatility and trading volume, where prices are rising. There is a high possibility of forming a short-term peak, so caution is required when selling.