The rally was accompanied by an even-bigger surge in futures open interest.
The “yes” bet soared to its highest today following the presidential debate between Biden and Trump last night.
The put-call ratio for bitcoin options on Deribit has risen to 1.66, indicating that more put options than call options are being traded.
Powell said he is supporting the only major pro-crypto party candidate.
Trump, an open supporter for the crypto sector, has received support from the Winklevoss twins and Cathie Wood.
The crypto market is being overly pessimistic about the imminent launch of spot ether ETFs in the U.S. and net inflows could hit $20 billion in the first year, Steno Research said.
The so-called old hands have been selling coins this quarter, adding to bearish pressures in the market.
Animoca Brands is considering returning to the public market after delisting from the Australian Securities Exchange in 2020.
Bloomberg ETF analyst Eric Balchunas said this will be the ‘ghost pepper’ of ETF hot sauce.
Bitwise’s BITB led the pack of inflows yesterday by drawing in $8 million, followed by Fidelity’s FBTC reporting net inflows of $7 million.
