Trump’s re-election ignites cryptocurrency trading activity in America
The center of gravity in the digital currency market has returned to the United States, driven by the re-election of Donald Trump as president of the country and increased demand for American digital asset funds and derivative contracts.
Trump’s promise to make America the main hub of the digital currency sector was ignited. A wave of trading activity, fueling the boom caused by the successful launch of Bitcoin exchange-traded funds in the United States since the beginning of 2024, according to the network. "Bloomberg".
As a result, the United States has become a major player in the liquidity of digital assets and setting their benchmark prices, while Asia had previously been the biggest beneficiary of the campaign it led. The Biden administration on digital currencies, which Trump is now working to reverse.
The current charts reveal changes in the structure of the digital currency market during 12 historic months, as American demand contributed to pushing the price Bitcoin to what Above $100,000 for the first time.
The proportion of daily Bitcoin trading against the dollar during American trading hours rose to about 53%, compared to 40% in 2021, according to company data.
Thomas Erdosi, Head of Products at CF Benchmarks, indicated that the participation Increasing institutionalization has shifted "liquidity dominance" Towards the United States.
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