The daily trading ratio of BTC priced in USD during the US session has risen to 53%, shifting the focus of the cryptocurrency market back to the United States

ChainCatcher news indicates that, thanks to Trump's re-election as president and the growing demand for U.S. digital asset funds and derivative contracts, the focus of the cryptocurrency market has returned to the United States.

Data from Kaiko shows that the proportion of daily Bitcoin trading in U.S. dollars during U.S. hours has risen from 40% in 2021 to about 53%. The data also indicates that the cryptocurrency market depth—its ability to absorb relatively large orders without causing excessive price impact—has returned to pre-FTX crisis levels, closing most of the "Alameda Gap."

CF Benchmarks product manager Thomas Erdösi noted that the increasing participation of institutions has shifted the "liquidity dominance" to the United States.