Synopsis
Bitcoin’s speculative surge post-Trump’s election win is easing. The cryptocurrency dipped below $87,000 after Fed Chair Powell downplayed urgent rate cuts, rebounding to $90,265. CME Bitcoin futures premiums narrowed, signaling reduced risk appetite. Bearish $80,000 options saw rising interest, reflecting cooling markets, per K33 Research’s Vetle Lunde.
The speculative frenzy around Bitcoin since Donald Trump’s US election victory is moderating both in the spot and derivatives markets.
The largest digital asset slid below $87,000 at one point on Friday after Federal Reserve Chair Jerome Powell said there was no need to hurry interest-rate cuts. The token later pared back some of its losses trading at $90,265 as of 12:11 p.m. in London.
In the derivatives sector, K33 Research said the premium paid for CME-listed Bitcoin futures over the spot market price has declined. US-based institutional investors use the contracts to take positions on the original cryptocurrency. Figures from Amberdata indicate a 24-hour surge in open interest — or outstanding contracts — for bearish options with a strike price of $80,000.
Crypto Tracker
TOP COIN SETSWeb3 Tracker19.69% BuyCrypto Blue Chip – 517.54% BuyAI Tracker12.28% BuySmart Contract Tracker12.01% BuyDeFi Tracker4.28% BuyTOP COINS (₹) Solana18,618 (5.46%)BuyBitcoin7,707,930 (3.81%)BuyEthereum264,190 (2.06%)BuyBNB52,747 (1.07%)BuyTether84 (-0.07%)Buy“Markets seems to be cooling down,” said Vetle Lunde, head of research at K33, adding that the narrowing of the futures premium “might have been a subtle hint of moderating risk profiles.”
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details »
Stock Trading
Technical Trading Made Easy: Online Certification Course
View Program
Stock Trading
Market 101: An Insight into Trendlines and Momentum
View Program
Stock Trading
Stock Valuation Made Easy
View Program
Stock Trading
Mastering Options Selling: Advanced Strategies for Success
View Program
Stock Trading
Options Trading Made Easy: Options Trading Course
View Program
Stock Trading
Commodity Markets Made Easy: Commodity Trading Course
View Program
Stock Trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
View Program
Stock Trading
Cryptocurrency Made Easy: Cryptocurrency Course
View Program
Stock Trading
ROC Made Easy: Master Course for ROC Stock Indicator
View Program
Stock Trading
Technical Analysis for Everyone – Technical Analysis Course
View Program
Stock Trading
Options Trading Course For Beginners
View Program
Stock Trading
Renko Chart Patterns Made Easy
View Program
Stock Trading
Technical Analysis Made Easy: Online Certification Course
View Program
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
View Program
Trump’s Pledges
Bitcoin has jumped about 30% since the US election on Nov. 5. in response to President-elect Trump’s pro-crypto stance. The digital asset is now viewed as one of a suite of so-called Trump trades, and speculators are wondering how much impetus the rally has left.
Trump has pledged to create a friendly regulatory framework for crypto, set up a strategic Bitcoin stockpile and make the US the global hub for the industry. A onetime crypto skeptic, Trump changed tack after digital-asset firms spent heavily during election campaigning to promote their interests. Questions remain about the feasibility and implementation timeline of his promises.
Investors poured a net $4.3 billion into US spot-Bitcoin exchange-traded funds after Election Day. The 12 funds, from issuers including BlackRock Inc. and Fidelity Investments, now have total assets of about $93 billion, based on figures compiled by .
Volatility Expected
“It’s all pure speculative trading right now,” said James Davies, chief executive officer at on-chain futures and options trading platform Crypto Valley Exchange. “Expect lots of volatility and a lack of clear signals for a while, whilst we wait for policy announcements in the US.”
Davies flagged $90,000 as a key marker to watch to see if acts as a “resistance level, or if we are well past it.” One of the highest concentrations of bullish Bitcoin options bets is for the $100,000 strike, data from Deribit show.
Bitcoin changed hands at $87,740 as of 6 a.m. Friday in London. Smaller tokens such as second-ranked Ether and meme-crowd favorite Dogecoin were mixed, in line with easing risk appetite as traders pared bets on Fed rate cuts following Powell’s comments.
