Donald Trump’s near victory in the US presidential election set Bitcoin wheels in motion.
Known for his positive attitude towards Bitcoin. Donald Trumpwidened the gap in the US presidential election. According to the decentralized forecasting platform Polymarket, Donald Trump has 99 percent of the vote and Kamala Harris has 1 percent. These developments put Bitcoin on the offensive. Reaching $75,400 in no time BTCthe summit was renewed. With the increasing demand for Bitcoin, the whales have become active.
The appetite for Bitcoin is growing.
According to crypto analysis platform Lookonchain, 11 crypto wallets, Binancewithdrew 1,806 BTC ($132 million) from Trump’s step-by-step approach to victory seems to have whetted the bitcoin wheel’s appetite. Withdrawing BTC from crypto exchanges usually signals a bullish trend. Whales and corporates prepare for bull season by transferring their BTC to cold wallets. Considering the recent upswing in the crypto market, we can say that the whales give hope for the long term.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.
