Opinion: Surge in Bitcoin Open Interest Signals Investor Confidence in Trade Deal and Powell
View original
As the cryptocurrency rally continues, there has been a noticeable increase in open interest in the Bitcoin perpetual futures market, indicating heightened investor confidence, especially after the Trump administration eased its aggressive stance on trade tariffs and anti-Fed rhetoric. This rally occurred after U.S. Treasury Secretary Scott Bessent discussed easing U.S.-China trade tensions, followed by President Trump's announcement of a significant reduction in tariffs on Chinese goods from the current 245% to a substantial level. Trump also stated that he does not intend to remove Federal Reserve Chairman Powell from his position. (CoinDesk)
0
0
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
TRUMP MEME: Trump's "TRUMP DINNER" to be held on May 22 in Washington
金色财经•2025/04/23 16:35
Ethereum Mainnet to Execute Pectra Upgrade on May 7
Chaincatcher•2025/04/23 16:30
TRUMP surpasses $11
金色财经•2025/04/23 16:23
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$93,665.59
+3.13%
Ethereum
ETH
$1,792.79
+5.77%
Tether USDt
USDT
$0.9998
-0.08%
XRP
XRP
$2.23
+3.82%
BNB
BNB
$606.21
-0.49%
Solana
SOL
$151.62
+4.75%
USDC
USDC
$0.9997
-0.02%
Dogecoin
DOGE
$0.1788
+4.36%
Cardano
ADA
$0.7057
+7.63%
TRON
TRX
$0.2457
-0.43%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now