On-chain activity for transactions under $10,000 has decreased by 19.34%, indicating subdued retail interest in cryptocurrencies. Bitcoin has been trading between $100,000 and $109,000 since Trump's inauguration, currently hovering above $105,000. Despite Bitcoin's impressive performance, on-chain metrics suggest that the market structure remains stable. Google Trends data shows that while retail interest in Bitcoin and altcoins in the US is higher than last year, it is not as high as expected considering Bitcoin's price surpassing $100,000. Search trends suggest that retail interest in crypto is more short-term and focused on specific events, rather than sustained rallies. The recent launch of the Trump meme coin led to a surge in searches but has since seen a decline in interest.
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