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Hitting a new all-time high again! Bitcoin once approached the $80,000 mark, what happened?
Cryptos are considered part of the 'Trump Trade' phenomenon. Since the election began, investors in the crypto market have been betting on Trump's victory, resulting in a significant rise across the crypto board and a fervent trading atmosphere in the market.
"Trump trade" fizzled out, what is the market worried about?
The market is concerned that if Trump really fulfills his campaign promises, especially on tariff policy, the usa may see larger deficits and soaring inflation, immigrant workers being deported, which could lead to a significant decline in economic growth.
Coinbase Options Spot-On: On November 8th, 493.89K Contracts Were Traded, With 1.29 Million Open Interest
On November 8th ET, $Coinbase(COIN.US)$ had active options trading, with a total trading volume of 493.89K options for the day, of which put options accounted for 34.34% of the total transactions,
Express News | Ethereum broke through $3200 per coin, hitting a new high since August.
Express News | Bitcoin continues to surge, breaking through $79,000, setting a new all-time high.
Express News | Bitcoin surpasses $78,000, continuing to hit new all-time highs.