The crypto market is showing volatility, but Bitcoin continues to set new records, reaching an ATH of $86,725. After the US election, US investors have turned to Bitcoin, as seen from the positive Coinbase Premium Index. Bitcoin's price on Coinbase is $168 higher than Binance, indicating strong interest.
Bitcoin spot ETF volumes have also surged, with BlackRock recording over $2.5 billion in transactions in the first few hours after the market opened. This shows the great enthusiasm of US investors for spot ETFs.
Despite the volatility in the crypto market, optimism towards Bitcoin remains high, driven by the significant role of US investors.