The following is a guest editorial courtesy of Niki Nikolaou, Business Director at Contentworks Agency.
Bitcoin had a dream run in 2024, rising over 102% to reach an all-time high of $89,612.69 on November 12. The recent rally was driven by the outcome of the US presidential election, with speculations that Trump would bring in pro-crypto regulations. BTC’s surge has, however, been overshadowed by Solana (SOL), which was up over 111% YTD as of November 12, while its market cap crossed the $100 billion mark on November 10. In fact, the total crypto market cap touched a record high of $3.12 trillion on November 11, almost surpassing France’s GDP!
The early stages of the bitcoin surge coincided with a significant rise in interest among retail investors in futures contracts, like cryptocurrency CFDs, that allow them to speculate on future price moves without an expiration date. According to a…
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