Analysis: Trump's appeal is amazing, and the United States has regained its "cryptocurrency dominance"

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ODAILY
12-25
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Odaily report: The market believes that Trump's appeal is amazing, and the United States has regained the "dominance of cryptocurrencies". As 2025 approaches, the focus of the cryptocurrency market has returned to the United States, thanks to Trump's re-election as president and the growing demand for U.S. digital asset funds and derivative contracts. Trump has vowed to make the United States a key player in the cryptocurrency industry, igniting a trading frenzy, and the unexpected successful launch of the U.S. Bitcoin ETF since 2024 has also led to a surge in trading activity. As a result, the United States is becoming increasingly crucial for digital asset liquidity and benchmark pricing, while Asia seemed to be the biggest beneficiary of the Biden administration's crackdown on cryptocurrencies for a period last year, which Trump is now reversing. In addition, the cumulative daily trading volume of the U.S. Bitcoin ETF has exceeded $500 billion since its launch in January, with a net inflow of about $36 billion. BlackRock's iShares Bitcoin Trust is one of the most successful funds ever. Under Trump's leadership, the scale of U.S. cryptocurrency ETFs is expected to expand beyond just Bitcoin and Ethereum products. (Jinshi)

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