Opinion: Bitcoin Open Interest Surging Indicates Investors' Confidence in Trade Deal and Powell

BlockBeats News, April 23rd, according to CoinDesk, as the cryptocurrency rebound continues, the open interest of Bitcoin perpetual futures has shown a more significant increase, indicating a strengthened investor confidence, especially after the Trump administration eased off its trade tariff threats and anti-Fed comments.

This rally occurred after U.S. Treasury Secretary Scott Bessent discussed the easing of U.S.-China trade tensions, followed by President Trump stating a significant reduction in tariffs on Chinese goods from the current 245% to a substantial level. Trump also mentioned that he does not intend to remove Federal Reserve Chairman Powell from his position.