The recent surge in Bitcoin prices, fueled by the pre-and-post-election Trump trade, has been the talk of the town. With the cryptocurrency reaching new highs, many traders were quick to jump on the bandwagon, hoping to make a quick profit. However, as the dust settles and the reality of the situation sinks in, it seems that the jig is up for Bitcoin.

The initial excitement surrounding the Trump trade, which saw Bitcoin prices skyrocket, has now faded. Traders are realizing that the surge was merely a temporary boost, and the market is now correcting itself. As a result, many are shifting their focus to other factors that could potentially impact Bitcoin’s value.

One such factor is the resumption of quantitative easing (QE) by central banks around the world. With the global economy still reeling from the effects of the pandemic, many countries have turned to QE as a means of injecting liquidity into their markets. This has led to a surge in global liquidity, which could potentially have a positive impact on Bitcoin prices.

Traders are also keeping a close eye on the actions of major financial institutions, such as PayPal and Square, who have recently announced their support for Bitcoin. This could potentially open the door for more mainstream adoption of the cryptocurrency, further driving up its value.

However, it’s not all smooth sailing for Bitcoin. The recent surge in prices has also attracted the attention of regulators, who are now closely monitoring the market. This could potentially lead to stricter regulations, which could have a negative impact on Bitcoin’s value.

In conclusion, while the pre-and-post-election Trump trade may have sent Bitcoin to new highs, it seems that the party is now over. Traders are now looking towards other factors, such as QE and global liquidity, to drive the cryptocurrency’s value. Only time will tell how these factors will ultimately impact Bitcoin’s future.