Donald Trump’s impending presidency is fueling interest in the bitcoin derivatives market

Open interest in the bitcoin futures segment has been steadily growing since November 5, when Donald Trump won the presidential election. According to the Coinglass service, since then, open interest has increased from $39 billion to $61 billion. In turn, Bitfinex experts note: this trend looks quite organic. This indicates that the derivatives market participants believe in the further growth of the main digital coin.

Bitget CEO Gracie Chen also spoke about this situation. She is convinced that it was Donald Trump’s victory that was the key catalyst for the steady increase in open interest in bitcoin. “Bidders have started to evaluate the market in terms of regulatory and technical improvements. Investors continue to believe that the new president’s administration will provide a friendly environment for the cryptocurrency industry,” Gracie Chen emphasized.

During today’s trading bitcoin recovered to $95,000, but in terms of growth momentum it lost ground to ether, which added 5%. Against this background, the main altcoin reached an extreme of $3600. Many experts note that the level of bitcoin’s dominance has recently fallen to 61.5%.

At the same time, the cryptocurrency pair EHT/BTC is firmly held at the level of 0.03760, which is almost 18% higher, compared to the indicators of the past week. According to analysts from QCP Capital, the pair may test the 0.04 level in the near future.

All this indicates the continued strength of the main altcoin against bitcoin. It is also worth noting that spot Ethereum-ETFs have been showing a stable capital inflow for the last 4 days. Over the past day, all funds have attracted more than $90 mln in total.

¿Hay algún error en el texto? Resáltalo con el ratón y pulsa Ctrl + Entre en

1

ByBit

5020 $
bonificación para nuevos usuarios

9.8

VISITE Leer Reseña

ByBit proporciona condiciones cómodas y seguras para el comercio de criptomonedas, ofrece comisiones bajas, un alto nivel de liquidez y modernas herramientas para el análisis del mercado. Admite operaciones al contado y apalancadas, y ayuda a operadores principiantes y profesionales con una interfaz intuitiva y tutoriales.

2

Binance

Gane una bonificación de 100 $

para nuevos usuarios

9.5

VISITE Leer Reseña

La mayor bolsa de criptomonedas donde puede iniciar de forma rápida y segura su viaje en el mundo de las criptomonedas. La plataforma ofrece cientos de activos populares, bajas comisiones y herramientas avanzadas para operar e invertir. La facilidad de registro, la alta velocidad de las transacciones y la protección fiable de los fondos hacen de Binance una gran opción para los operadores de cualquier nivel.