U.S. investors are increasingly turning to Bitcoin, contributing to positive market dynamics. Bitcoin's price remains steady above $100,000 with a slight gain over the past 24 hours.
Increase in BTC Popularity Among U.S. Investors
The Coinbase Premium Index on CryptoQuant shows a rise in buying activity from U.S. retail investors. This index measures the price gap between BTC on Coinbase and Binance. A positive index reading of +0.0154 indicates renewed interest in BTC from U.S. investors.
Overall Bullish Market Sentiment
Despite some investors selling BTC for profit, the overall market sentiment remains bullish. The Taker Buy-Sell Ratio of 1.021 illustrates a sustained buying trend, with more buy orders being executed compared to sell orders.
Impact of New Executive Order on Crypto Market
The recent executive order by President Donald Trump has sparked interest in the crypto market, especially among U.S. retail traders. The order provides a framework for the crypto industry, which might encourage new investments and potentially boost BTC's price to new highs.
The active interest from U.S. investors supports a bullish market sentiment, and recent regulatory changes might lead to further Bitcoin price increases.
