Analysis: After Trump's victory, the cryptocurrency market grew by approximately $1.2 trillion, and the desire for speculation continues to expand

2024-12-02 11:59:39

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ChainCatcher news, according to Jinshi reports, based on data compiled by Bloomberg, Bitcoin ETFs and Ethereum ETFs set single-month net inflow records of $6.5 billion and $1.1 billion respectively in November. Last Friday, the daily subscription volume of Ethereum ETFs also reached a historical high.

CoinGecko data shows that since Trump's victory, the market capitalization of the cryptocurrency market has surged by about $1.2 trillion. This rise is diluting the painful memories of fraud and high-risk behaviors exposed during the 2021 cryptocurrency boom.

Ethereum is the second-largest token after Bitcoin, and the interest in it indicates that the speculative appetite for cryptocurrencies is expanding following Trump's victory in the U.S. election on November 5. From certain indicators, at least among retail investors, the enthusiasm for digital assets has not yet reached the frenzy level seen during the COVID-19 pandemic bubble.

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