Cryptocurrencies
US Regains Primacy in Crypto Market on Trump Agenda, ETF Demand
- Bitcoin trading versus dollar is more concentrated in US hours
- Open interest in CME futures for Bitcoin, Ether scaled records
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The crypto market’s center of gravity is back in the US as 2025 approaches, courtesy of Donald Trump’s reelection to the presidency and widening demand for the nation’s digital-asset funds and derivatives contracts.
Trump’s vow to make America the linchpin of the crypto sector ignited a frenzy of trading, adding to a spurt in activity triggered by the surprisingly successful rollout of US Bitcoin exchange-traded funds from the start of 2024.