This week threw quite a curveball at the crypto market, huh? You might think that good news would send traders dancing in the streets, but it seems like the only dance happening was a frantic “Trump-n-Dump.” Just when Bitcoin (BTC) and its fellow digital assets were ushered into a moment of euphoria—with President Trump announcing a U.S. Strategic Crypto Reserve—the party came crashing down faster than a miscalculated trading bot. Despite a brief surge in prices, it turns out that the enthusiasm was short-lived, with the market slipping right back into its stagnation groove. So, what’s behind this roller-coaster ride? Stick around as we delve into the state of the market, demand trends, and the implications of recent executive decisions. It looks like BTC might need a good dose of demand magic to stay afloat in these choppy waters! LEARN MORE.
This week, the crypto market, led by bitcoin (BTC), received positive news and reacted accordingly. However, the reaction was short-lived, and the entire field has returned to stagnation and negative trajectories.
A weekly report from the market analytics platform CryptoQuant revealed that real spot demand for BTC is still in contraction territory, while bitcoin’s apparent demand has continued to decline following the acceleration period seen in November-December 2024.
“Trump-n-Dump”
Earlier this week, the market witnessed what CryptoQuant tagged a “Trump-n-Dump.” This refers to traders massively selling their digital assets after a rally triggered by an announcement concerning a United States Strategic Crypto Reserve.
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