Bitcoin surged by 10.5% to hit a new all-time high at $75,350 following former US President Donald Trump’s win in the 2024 election. The market is showing a strong foundation supporting continued growth.
The premium on Bitcoin futures compared to spot markets rose to 12%, reflecting moderate optimism. Insights from options markets and institutional investor interest lay the groundwork for additional gains.
Investors’ caution is influenced by past price fluctuations and uncertainties surrounding US monetary policy. The upcoming FOMC decision on interest rates adds to the market’s uncertainty.
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Skepticism about the Federal Reserve’s economic strategies could be bullish for Bitcoin’s price, highlighting the importance of monetary policy changes on BTC’s value.
