BTC inflows from US Traders Climb Ahead of Trump’s Inauguration
US investors have seen a significant increase in inflows into leading cryptocurrency Bitcoin (BTC) ahead of Monday’s inauguration of Donald Trump.
The trend shows that U.S. investors are actively accumulating Bitcoin, suggesting they will become more confident in its price trajectory once Trump is sworn in as president.
Increased demand for Bitcoin from U.S. investors
Bitcoin’s rising Coinbase Premium Index highlights growing demand from U.S. investors for the leading currency. According to CryptoQuant data, it has surged 116% in the past seven days and now It is 0.02 above the zero line.
The Coinbase Premium Index for Bitcoin measures the price difference of BTC on Coinbase and Binance. When the index climbs, it signals greater buying pressure from U.S. investors, reflecting increased demand in the region.
this happened Donald Trump’s inauguration on Monday. The pro-cryptocurrency candidate’s return to the White House has fueled speculation about a potential positive regulatory shift, boosting U.S. investor interest in Bitcoin.
However, Asian investors appear more cautious in comparison. The Korea Premium Index, which reflects the difference in Bitcoin prices on Korean exchanges, is declining. As of this writing, the number stands at 0.53, a 66% plunge over the past seven days.
This decline indicates reduced buying activity in the region, likely influenced by the market’s current consolidation phase.
BTC Price Prediction: All-time highs back on the horizon
On the daily chart, BTC is currently trading at $103,107, Just above the key resistance level formed at $102,538. If U.S. investors continue to accumulate coins, it could provide the gold coin with the momentum it needs to rise to a new all-time high of $108,388.
However, if buying activity weakens, this could put downward pressure on the price of the token, leading to It fell towards $95,513.
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