The 2021 bull cycle showed a clear pattern in Bitcoin dominance and total crypto market cap growth that could offer insights into what might happen if the market surges again.
Trump's re-election boosts Bitcoin ETF inflows. The Fed and Bank of England cut rates amid cooling inflation, while hinting at pauses. Germany’s trade surplus narrows due to weak exports and rising imports.
For the crypto industry, it is not about points in time but rather the gradual, longer term societal shift. The re-election of President Trump has brought a return to buoyancy across US markets.
In a Cointelegraph article, Charlie Sherry, Head of Finance at BTC Markets, explained how DeFi tokens surged over 30% as traders anticipate the Trump administration boosting the "investment appeal" of holding "utility" tokens, according to industry analysts.
Trump takes the Presidency and pushes Bitcoin to a new all-time high of A$115k. BlackRock leads Bitcoin ETFs to new milestone. RBA holds rates as inflation rises. Real Vision discusses a liquidity-driven crypto bull-cycle. Tether's Q3 profit hits US$2.5 billion. US job growth slows.
Bitcoin ETFs have surged, attracting nearly US$900 million in one day, led by BlackRock's iShares Bitcoin Trust, which claimed US$872 million. Meanwhile, Tether reported Q3 profits of US$2.5 billion, driven by U.S. Treasury yields and gold prices, amid a stabilising global economy.