CoinVoice has recently learned that, thanks to Trump's re-election as President and the continuous expansion of demand for U.S. digital asset funds and derivative contracts, the focus of the cryptocurrency market has returned to the United States.

Data from Kaiko shows that the proportion of daily Bitcoin trading in U.S. dollars during U.S. hours has risen from 40% in 2021 to about 53%. The data also indicates that the depth of the cryptocurrency market—the ability to absorb relatively large orders without causing excessive impact on prices—has returned to the levels seen before the FTX crisis, compensating for most of the 'Alameda Gap'.

Thomas Erdösi, Product Director at CF Benchmarks, pointed out that the continuous increase in institutional participation has shifted the 'liquidity dominance' to the United States. [Original link]