The U.S. has regained leadership in the cryptocurrency market.
Thanks to the launch of ETFs and Trump's promises, the U. S. has regained leadership in the #cryptocurrency market.
Thanks to the launch of ETFs and Trump's promises, the U. S. has regained leadership in the cryptocurrency market. The U. S. has regained leadership in the cryptocurrency market after Asia claimed leadership in the field for most of 2023.
the U. S. has regained leadership in the cryptocurrency market, Bloomberg reported. This was due to the re-election of Donald Trump as president, as well as the growing demand for cryptocurrency derivatives and exchange-traded funds (ETFs).
The surge in the digital currency sector was accelerated by the successful launch of #Bitcoin ETFs in the U. S. in early 2024. In addition, Trump's victory, which promised to make the U. S. the cryptocurrency capital of the world, further fueled enthusiasm in the U. S. cryptocurrency market.
As a result, the U. S. has returned to the center of attention in the cryptocurrency sector, after Asia dominated the industry for most of 2023. The region is a big beneficiary of the tough measures taken by the Joe Biden administration, which President Trump intends to repeal, the publication writes.
the share of daily bitcoin/dollar transactions during trading hours in the United States rose from 40% in 2021 to about 53%. According to analysts, this shift in liquidity advantage toward the U. S. is due to increased institutional participation.
In 2024, bitcoin and #Ethereum ETFs were approved in the U. S.. The industry expects ETFs for other cryptocurrencies to launch under President Trump. ETFs for Solana, XRP, Litecoin, HBAR and Blend have already been filed with the U. S. Securities and Exchange Commission (SEC).
Open interest (number of open contracts) in bitcoin and Ethereum futures on the Chicago Mercantile Exchange (CME) reached a record high this year.
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