LMAX Digital volumes were impressive on Tuesday. Total notional volume for Tuesday came in at $551 million, 87% above 30-day average volume.

Bitcoin volume printed $394 million on Tuesday, 108% above 30-day average volume. Ether volume came in at $92 million, 63% above 30-day average volume.

Looking at average position size over the past 30 days, we’re seeing average bitcoin position size at $8,833 and average position size for ether at $2,745.

Market volatility is turning up after trending lower since March. We’re looking at average daily ranges in bitcoin and ether of $2,509 and $114 respectively.

Bitcoin and crypto assets across the board are celebrating the US election results which are showing a landslide victory for Donald Trump.

Trump had been exceptionally supportive of crypto during his campaign and market participants will now be looking for follow through during his next term in office.

Bitcoin has officially broken out to a fresh record high in the aftermath, clearing the next major psychological barrier at $75,000.

As per our technical insights, this now opens the door for a push to $100,000 in the weeks ahead.

Interestingly enough, it can be argued the rally in crypto assets has been relatively tame when considering the news. However, the price action becomes a little easier to reconcile when looking at bigger picture macro flows.

It was well known a Trump presidency would also bring about a wave of Dollar demand on the expectation for Dollar supportive policies in the form of tariffs and tax cuts.

Indeed, the Dollar has rocketed higher on the election news, which has weighed on currencies across the board.

Still, crypto assets have outperformed and we fully expect the Dollar to soon top out as investors get back to thinking about rate cuts and accommodative central bank policy.

This will likely set the stage for an impressive wave of bullish momentum for crypto assets into year end.