Following the U.S. elections, the crypto market is experiencing a rapid surge, yielding substantial profits for major financial institutions.
American Banks in the Digital Race
American banks have heavily invested in Bitcoin derivatives markets in the weeks leading up to the presidential election. CFTC data reveals that they have accumulated 10,564 new futures contracts, equivalent to 52,820 BTC. At the Chicago Mercantile Exchange, their long positions now reach $3 billion. Key players include JPMorgan, Goldman Sachs, and SG Americas Securities, whose open positions surged from 1,200 to 11,766 contracts in one week.
Impact of Trump's Victory on Crypto Market
The bullish wave of Bitcoin has been reinforced due to Donald Trump's victory, with markets expecting a more favorable stance from federal regulators. This boosts the entire sector. Coinbase (COIN) shares jumped 20% on November 11, exceeding $300 for the first time since 2021. The total market capitalization of cryptocurrencies now stands at $3.17 trillion.
Current Trends and Opportunities
Favorable political factors and increasing institutional interest maintain the bullish momentum for Bitcoin. This presents new opportunities for traditional finance players interested in diversification and leveraging the volatility of cryptocurrencies.
The growth of the crypto market underscores increasing interest from large financial players, paving the way for further sector development.
