Americans are the driving force behind the current rise in the price of bitcoin
Coindesk experts said that the American cryptocurrency community is the engine of Bitcoin growth. Since the beginning of April, the value of the main coin on exchanges in the United States has been slightly higher than on other platforms. This trend may indicate an increased demand for digital assets, which is the driver of bitcoin growth.
US and Bitcoin Value Increase
Minimum price tags of the main cryptocurrency also passed more gently for American platforms. Then the cost of bitcoin was as close as possible to the index one. When the price tag of the main coin dipped to $ 3.8 thousand in March, the amount of open futures positions fell by almost 50 percent. Skew experts note that the connection between the cost of bitcoin and American investors is especially beneficial against the backdrop of a recovery in the stock market.
Renaissance Technologies, an American hedge fund, showed interest in CME futures a few weeks ago. Delphi Digital co-founder Jan Lieberman said that cooperation in the industry will not only deal with the consequences of halving, but also bring the main coin to a new level.
“After black Thursday in March, spot exchanges supported the growth of bitcoin. The amount of open positions during the sale remained at $ 2 billion, which is relatively large. The Bitcoin rally at the beginning of the year was supported by speculation, as a result of which differences in the industry practically did not affect it. Now instability has a clear explanation, ”said Lieberman.