The holdings of large holders of the first cryptocurrency increased from 16.2 to 16.4 million BTC, while small participants reduced their assets from 1.75 to 1.69 million BTC, representatives of CryptoQuant said.
“Since the election of Trump as US President, Bitcoin prices have been growing thanks to the support of large investors. Hodlers exert minimal selling pressure on the largest crypto exchange by trading volume Binance“, the authors of the statement clarified.
According to company experts, experienced investors are now avoiding sales, despite the high volatility of the first cryptocurrency. Long-term holders are counting on Bitcoin reaching a new all-time high in the next few months.
The market expects that the new White House administration will not delay changes in legislation in the interests of crypto investors, experts concluded.
Earlier, analysts at the trading company QCP Capital suggested that Bitcoin would be in a stage of uncertainty until the meeting of the US Federal Reserve System (FRS), scheduled for January 29.
Source: Bits

I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.