Opinion: Bitcoin open interest surges show investor confidence in trade deal and Powell

Planet Daily News: As the cryptocurrency rebound continues to advance, the open interest in Bitcoin perpetual futures markets has shown a more obvious growth, indicating increased investor confidence, especially after the Trump administration slowed down its offensive on trade tariffs and anti-Federal Reserve rhetoric. This round of rebound occurred after U.S. Treasury Secretary Scott Bessent discussed the easing of U.S.-China trade tensions, followed by President Trump's statement that he would significantly reduce tariffs on Chinese goods from the current 245% to a substantially lower level. Trump also stated that he does not intend to remove Federal Reserve Chairman Powell from his position. (CoinDesk)