Bitcoin Speculative Trading Loses Steam: Is Trump’s Crypto Push to Blame?
Share:
Predictions Markets
See what traders are focused on
- Bitcoin’s hot supply has shrunk by 50% in recent months, signaling reduced trading activity.
- Trump’s alleged market manipulation and crypto reserve plans raise controversy.
- Traders brace for volatility amid speculation on government influence.
Data from Glassnode shows a significant drop in Bitcoin’s speculative activity, with its “hot supply” plummeting by 50% in recent months. This sharp decline in short-term BTC trading has many market observers wondering if President Trump’s recent moves in the crypto space could be the reason.
“Hot supply” is a key metric that tracks the number of Bitcoin coins being actively traded within short timeframes. A noticeable contraction in this metric often signals a decrease in immediate market enthusiasm, particularly when external factors create uncertainty.
Related: Arizona House Committee Greenlights Bitcoin Reserve Bill
Could Trump’s Crypto Actions Be Behind the Cooling Speculation?
While some crypto enthusiasts are applauding Trump’s increasingly favorable stance towards digital assets, others are raising concerns about potential market manipul…
The post Bitcoin Speculative Trading Loses Steam: Is Trump’s Crypto Push to Blame? appeared first on Coin Edition.
Read More
Bitcoin, XRP, DOGE Rise as US-Iran Technical Talks to Continue Despite Strikes
