Bitcoin's spot trading volume surged close to its March 2024 high, indicating strong buying activity. Insights from Glassnode suggest a significant shift in market dynamics.
Following Donald Trump's election victory, Bitcoin soared significantly, marking its second-best week of the year with a 17% rise, highlighting the impact of political events on cryptocurrency.
Coinbase's spot cumulative volume delta signals major buying pressure, historically aligning with crucial price levels, indicating a pivotal moment for Bitcoin's market future.
Bitcoin's current market capitalization at $1.16 trillion places it as the ninth-largest financial asset, showcasing its growing dominance and influence in the financial landscape.
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