Futures open interest spikes: Bitcoin futures open interest surged to around 60.9 billion USD after Trump’s win, indicating heightened trading activity and speculation.
Investor confidence and market buoyancy: Post-election excitement among investors reflects growing confidence tied to expected regulatory improvements, aiding Bitcoin’s upward trend.
Ethereum’s performance overshadowing Bitcoin: Simultaneously, Ethereum has outperformed Bitcoin with a gain of over 5%, reaching 3,600 USD, demonstrating capital shift away from Bitcoin.
Global cryptocurrency market status: The overall cryptocurrency market valued at 3.4 trillion USD, with Bitcoin holding a market share of 54.7%.
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