Bitcoin Nears Record High After $2.8 Billion Injection

Bitcoin surged to a record near $81,000, driven by a significant increase in investor interest. Analysts are expecting further gains following the U.S. election, which brought in several pro-crypto candidates. Deribit, a prominent crypto futures platform, reported a massive investment bump of $2.8 billion, pushing Bitcoin past $90,000.

This reflects growing optimism as call options—when people bet on bitcoin to continue to rise—outweigh puts, indicating bullish market sentiment.

Institutional players also piled in. Bitcoin futures premiums at CME, another major crypto platform, spiked to around 14%, up from an average of 7% pre-election. This confirms a marked shift in market confidence. Ether, another primary cryptocurrency, saw a similar rise, with CME premiums reaching 14.5%, while Solana’s market cap surged above $100 billion.

As crypto investors await a potential rate cut triggered by the Federal Reserve’s recent decision to reduce rates, sentiment remains optimistic. The Fed’s policy change and a $16 billion government-held bitcoin stockpile could fuel additional market momentum.

The incoming Trump administration favors crypto growth, leading to industry players like Coinbase seeing their stock prices climb by 48% over the past week, boosted by the prospect of a regulatory shift at the SEC. 

Robinhood, another major player, rose 27% as it repositions to work alongside U.S. policymakers. With extra interest in digital assets, the market looks set for a pivotal transformation, reflecting a robust appetite for crypto in the near term.