After Trump's election victory, the encryption market grew by about 1.2 trillion US dollars, and speculative desire is still expanding
According to data compiled by Bloomberg, Bitcoin ETF and Ethereum ETF set a single-month net inflow record of $6.5 billion and $1.1 billion respectively in November. The daily subscription volume of the Ethereum ETF also hit a historical high last Friday.
Data from CoinGecko shows that since Trump's election victory, the market value of the cryptocurrency market has soared by about $1.2 trillion. This surge is diluting people's painful memories of fraud and high-risk behavior exposed during the 2021 cryptocurrency craze. Ethereum is the largest token after Bitcoin, and people's interest in it indicates that speculative desire for cryptocurrencies is expanding after Trump won the US election on November 5th. From some indicators, at least among retail investors, the pursuit of digital assets has not yet reached the frenzy level of bubbles during COVID-19 pandemic era.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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