After Donald Trump’s election win, cryptocurrency markets experienced a significant surge in value. This has been attributed to an increase in investor interest in digital assets, as well as the potential for regulatory clarity and legislative advancements in the near future. ERC-20 stablecoins have seen a significant influx, with billions worth of these assets flowing into exchanges.
This could potentially signal an extension of the current rally in the cryptocurrency market. Furthermore, the Chicago Mercantile Exchange (CME) experienced a substantial surge in open interest, with nearly $1.2 billion added in a single day. While short-term volatility remains likely, the overall trend for the cryptocurrency market appears to be upward.
