It has long been speculated that the price of Bitcoin will rise after the US election. Moreover, it was most expected that if Donald Trump was re-elected in the US presidential election, the price of Bitcoin would increase significantly. Right after the election we saw the price of Bitcoin rise. Where Bitcoin once again created new records and reached the highest price in history. And this record was created this week and Bitcoin reached a new all-time high. But Bitcoin shows no signs of overheating despite its price reaching all-time highs. Bitcoin can pump more.
[source](https://pixabay.com/illustrations/cryptocurrency-crypto-bitcoin-6601591/)
Even though the price of Bitcoin is still trading around 75 thousand dollars, there is not much movement in other altcoins. Despite Bitcoin's price, the market doesn't look overheated from a fundamental standpoint at the moment. Bitcoin crossing its all-time high volume is a clear sign of the positive momentum going on after the election. But this is a positive aspect. In particular, it was anticipated that the election of Donald Trump as President of the United States would increase the price of Bitcoin as traders would try to take risks again. And since the presidential election when Donald Trump has been elected to full office, traders have been running towards risk again. And this has been reflected in the recent upward movement in crypto.
If we take a closer look, we can see that Bitcoin's funding rate has remained mostly unchanged amid the price hike. The fork out is the time when Bitcoin is expected to be in a good position in the future. Also a metric to track the total number of unsettled bitcoin derivative contracts such as options and futures. But some positives are that US Fed interest rates and funding rates are mostly unchanged. But here are some things to keep in mind that may cause concern among market participants regarding the increase in Bitcoin volatility.
A positive funding rate centered on a bull market ahead indicates that traders are optimistic about the price of Bitcoin. And this is effecting quite well and hence buyers are willing to pay sellers a fee to hold their positions. Currently the most popular exchange site Binance has the highest funding rate for Bitcoin and is therefore the largest crypto exchange in the world at present. As we have seen the price of unique coins and the price of Bitcoin reach record highs in the aftermath of the last Bitcoin halving, it is expected that Bitcoin and other cryptocurrencies will trade significantly above today's all-time highs this year or next.
