Bitcoin News: BTC CME Futures Spread Slides to $490, Undoing The 'Trump Bump'

Bitcoin News: BTC CME Futures Spread Slides to $490, Undoing The 'Trump Bump'

The market has likely moved past the narrative that a pro-crypto President is beneficial for the industry, with macro correlations now driving the market.

Crypto Erases Trump Bump: Bitcoin Plummets To $77K, Ethereum Below $2K, $XRP Under $2

The crypto market has erased all gains it made since Donald Trump secured his second presidential win, with Bitcoin plunging below $77,000 at one point and Ethereum falling under $2,000.

The bullish effect on Bitcoin (BTC) futures after Trump’s election victory has completely disappeared, and markets have now left behind expectations that the US President’s pro-crypto sentiment would affect the price. US President Donald Trump’s… The Trump Effect on Bitcoin Has Ended...

BTC CME Futures Spread Dips to $490, Reversing the 'Trump Bump' Effect on Cryptocurrency Markets - Market-News24

Following Donald Trump’s victory in early November, the initial excitement in the bitcoin Market has significantly diminished. This change is highlighted by a key financial indicator from CME bitcoin futures, which shows that the gap between short-term and next-month contracts has dropped to $495, down from a peak of $1,705 in December. Experts suggest this ...

BTC CME Futures Spread Dips To $490, Reversing The 'Trump Bump'

Following Donald Trump’s victory in the Presidential elections on Nov. 5, the previous bullish sentiment has significantly diminished, as indicated by a metric associated with CME bitcoin (BTC) futures. This metric focuses on the spread between the “continuous” next-month futures and the front-month standard BTC futures traded on the global derivatives market. A continuous contract provides a calculated representation of a series of futures cont…

Bitcoin CME Futures Spread Slides to $490, Undoing The 'Trump Bump' in BTC - BTCNEWS - Bitcoin and Crypto News

The bullish sentiment seen after Donald Trump's victory in the Nov. 5 Presidential elections has completely fizzled out, according to an indicator tied to the CME bitcoin (BTC) futures. The indicator in consideration is the spread between "continuous" next month and front-month standard BTC futures trading on the global derivatives giant. A continuous contract is a calculated representation of a series of successively expiring futures contracts,…