"Crypto changes!!! The United States regains its market dominance, and a new era of global cryptocurrency is about to begin"
In 2023, Asia once dominated the cryptocurrency market, but in early 2024, the United States regained its market leadership with the successful launch of the Bitcoin ETF. Bloomberg pointed out that Trump's victory not only enhanced the United States' position in the global cryptocurrency field, but also paved the way for the development of ETFs for Bitcoin and other digital assets.
The recovery of the US crypto market is reflected in many aspects. First, the increase in institutional investor participation has increased the share of Bitcoin/USD transactions on US exchanges from 40% in 2021 to 53%. In addition, the daily trading volume of the Bitcoin ETF launched in January exceeded US$500 billion, and the net capital inflow reached US$36 billion, showing the market's activeness and confidence in crypto assets.
With the approval of Bitcoin and Ethereum ETFs, ETFs for other mainstream cryptocurrencies are also in the application process. It is expected that more cryptocurrencies will usher in the ETF era during President Trump's term. At the same time, CME's Bitcoin and Ethereum futures open interest hit a new high, marking a rebound in market liquidity.
The rise of the United States in the field of cryptocurrency has reshaped the global market landscape. Want to know more about the dynamics of the cryptocurrency market? Follow Mr. Qiu and unlock future investment opportunities together!
