On Monday, the US transaction time, Trump won the rise in cryptocurrencies detonated by the US presidential election. It has risen fiercely since the weekend, and continued to accelerate on Monday.%.
The market value of the forefront of the forefront has skyrocketed.Ethereum and Solanas 7 -day increase in 7 days a total of about 40%, higher than 31%higher than Bitcoin, and Musks supported dog coins doubled a week.
Bitcoin futures premiums have soared, and investors are optimistic about the good effects brought by the United States President Trump.According to data from the derivative exchanges, Deribit, more than $ 2.8 billion in Bitcoins $ 90,000 in Bitcoin.
On the same day, the Bitcoin holder Microslategy announced that it cost approximately US $ 2.72 million in about 27,200 Bitcoin, the largest purchase since December 2020.
Earlier October 30, while announced the three quarterly reports, Microslategy announced a "21/21 Plan", that is, passed $ 21 billion in the next three years.The equity and $ 21 billion bonds raised $ 42 billion in funds to purchase more Bitcoin.
In the US stock market on Monday, the Bitcoin ETF IBITs asset management of Berlaide Group exceeded one of the largest gold ETFs -ISHARES IAU. Although the current IBIT is still about $ 30 billion in asset management than the worlds largest gold ETF SPDR Gold Shares GLD, its transcendence on IAU, can also be described as milestone incident.
FACTSET data shows that in the past week, IBIT has received approximately $ 1 billion in capital inflows.Dollar.The rise in Bitcoin prices has pushed ETFs asset management scale to more than $ 30 billion.
As of last Friday, the asset management scale of Bitcoin ETF IBIT was US $ 34.3 billion. In contrast, IAUs asset management scale was slightly lower than 33 billion US dollars.The scale of asset management has not yet reflected the surge in Bitcoin during the weekend and Monday.
According to Bloombergs compilation data, the Gold ETF SPDR Gold Shares GLD appeared more than $ 1 billion of funds last week, the largest outflow since July 2022.
Crypto digital currency concept stocks/blockchain concept stocks generally rise on Monday, and several leading stocks have soared.35oiad90 "> In Ethereum ETF, Ethereum-USD reference interest rate (ETHA) closed up 14.24%.In Bitcoin ETF, Bitcoin reference interest rate (IBIT) rose 13.46%. Mercurity Fintech ADR closed up 81%, Jianan Technology ADR rose more than 41%, Mara Holdings rose nearly 30%, Coinbase rose near, Create the highest historical position, twice the multi -Bitcoin ETFs exceeded 27%.
Wall Street generally believes that Trump promises to fully invest in the encrypted currency field, which has reached a new height of Bitcoin.Trump vowed to turn the United States into the capital of the world cryptocurrency.Bitcoin speculators will be more loose in betting on the supervision environment, and it is expected that the authorities may establish a cryptocurrency reserve fund to help boost continuous demand.
Citigraphy strategist pointed out in recent reports:
Cryptocurrencies are one of the few Trump transactions that have not been retracted.EssencePart of the reason is that because the Trump administration is friendly to cryptocurrencies, investors hope that this will bring a clarity of US regulatory policies. Since the election, the amount of funds for spot cryptocurrency ETF has reached a record high.Two days after the US election, the amount of net inflows of ETF in BTC and ETH was US $ 2.01 billion and US $ 132 million, respectively.Citi continues to regard ETF traffic as the main driving force for Bitcoins return.
Cumberland Labs research director Chris Newhouse said Bitcoin continued to break the expectations and set a new high.The market seems to finally realize that we will enter an undeniable bull market in the next few years.
Looking forward to the future, some analysts expect cryptocurrencies to continue to rise. Some analysts predict that Bitcoin is expected to reach an important milestone of $ 100,000 before the end of the year.
