Opinion: Bitcoin open interest surges show investor confidence in trade deal and Powell

Odaily News As the cryptocurrency rally continues, open interest in the Bitcoin perpetual futures market has also seen a more pronounced increase, indicating greater investor confidence, especially after the Trump administration slowed its offensive on trade tariffs and anti-Fed rhetoric. The rally came after U.S. Treasury Secretary Scott Bessent discussed easing U.S.-China trade tensions, and then President Trump said he would slash tariffs on Chinese goods from the current 245% to a significant level. Trump also said he does not plan to remove Federal Reserve Chairman Powell from his position. (CoinDesk)