In January, the share of crypto trading volumes during US hours increased, suggesting a growing influence of the US markets and short-term enthusiasm ahead of Donald Trump's second presidency. Bitcoin and Ethereum experienced a spike in activity during North American business hours, reflecting the anticipation of a favorable environment for crypto investors under Trump's presidency. The most active trading hours for cryptocurrencies typically align with traditional stock exchange openings, with the US being the biggest buyer of BTC. The dominance of US-based trading volumes indicates institutional activity and a focus on "Made in USA" crypto. Solana, a decentralized exchange, also demonstrated a skew towards US-based activity. Coinbase Prime's activity and OTC trading volumes serve as indicators of institutional involvement in the crypto market.



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