Bitcoin futures open interest hits $60.9B post-Trump win

Bitcoin futures open interest rose sharply from $39 billion to $60.9 billion after Donald Trump’s Nov. 5 election victory, driven by expectations of price gains, according to Bitfinex analysts cited by The Block. Market corrections, including a pullback to $94,000, were seen as normal. Ethereum gained 5% on Nov. 27, reaching $3,600, with strong ETF inflows of $90.1 million and potential to test its all-time high of $4,868. The global crypto market cap hit $3.4 trillion, with Bitcoin holding 54.7% dominance and Ethereum at 12.4%.