The cryptocurrency market is witnessing increased interest in Bitcoin amid recent comments from former President Donald Trump regarding the Federal Reserve's policy. Whale accumulation and wallet dynamics indicate potential price changes.
Social Media Surge Over Fed’s Rate Decision
Social platforms actively reacted as the Federal Reserve decided to keep interest rates steady, triggering a wave of discussions around Jerome Powell. "Social volume exceeded 475 posts," noted Santiment, indicating high interest in monetary policy.
Whale Accumulation Indicates Optimism for Bitcoin Market
Data shows that large wallets holding 10+ BTC grew by 231 over the past 10 days, indicating whale accumulation. This suggests confidence among high-net-worth investors in the long-term value of Bitcoin. Meanwhile, smaller wallets (0.001–10 BTC) dropped by 37,465, which may indicate sell-offs by retail traders.
Macroeconomic Policy Shapes Market Sentiment
Powell's stance on rates, coupled with Trump’s criticism, continues to affect market sentiment. While spikes in interest linked to FOMC decisions are often short-lived, they provoke sharp trader reactions, and Bitcoin's price movements may reflect these sentiment surges.
Given the rising interest and changes in wallet dynamics, it is essential to monitor the situation in the Bitcoin market, particularly in light of political and macroeconomic factors.
