时间:2024-03-21|浏览:246
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Following the approval of the U.S. Spot Bitcoin ETF, the dramatic impact on price volatility and trading volume during New York trading hours became even more apparent. On-chain transaction volume and fees are also biased towards US time. This distorted activity highlights the huge demand for cryptocurrencies in the United States and the potential for further growth and capital inflows in the industry. Although cryptocurrency is a global industry, transaction flow during U.S. market trading hours has an obviously large impact on the market’s liquidity and price volatility. The success of spot Bitcoin ETFs in the United States and their significant impact on the broader Bitcoin market further demonstrates that regulatory clarity in the United States plays a key role in unlocking new capital inflows into the cryptocurrency market.