crypto market in the upper aerial effect: How soon uncertainties lead to declining trading volume

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Der Einfluss der Präsidentschaftswahlen auf den Kryptomarkt: Der Trump-Effekt verpufft Im November 2022 fanden die Präsidentschaftswahlen in den Vereinigten Staaten statt. Der Sieg des republikanischen Kandidaten Donald J. Trump führte zu einem signifikanten Anstieg auf dem Kryptomarkt. Trumps positive Äußerungen zu digitalen Währungen während seiner Wahlkampagne sorgten für eine unmittelbare Reaktion des Marktes, wobei Bitcoin (BTC) und andere Kryptowährungen mehrere Allzeithochs erreichten. Mittlerweile zeigt sich jedoch, dass der Trump-Effekt an Dynamik verloren hat und der Kryptomarkt wieder auf dem Stand von vor den Wahlen zu sein scheint. Anstieg des Handelsvolumens Nach den Wahlen am 5. November 2022 erlebte der Kryptomarkt …
The influence of the presidential elections on the cryptom market: The Trump effect fizzles out in November 2022, the presidential elections took place in the United States. The victory of the republican candidate Donald J. Trump led to a significant increase in the cryptom market. Trump's positive statements about digital currencies during his election campaign ensured an immediate reaction of the market, with Bitcoin (BTC) and other cryptocurrencies reaching several all -time high. In the meantime, however, it turns out that the Trump effect has lost dynamics and the cryptom market seems to be back on the stand of before the elections. The cryptom market experienced the increase in the commercial volume after the elections on November 5, 2022 ... (Symbolbild/KNAT)

The influence of the presidential elections on the cryptom market: The Trump effect fizzles out

In November 2022, the presidential elections took place in the United States. The victory of the republican candidate Donald J. Trump led to a significant increase in the cryptom market. Trump's positive statements about digital currencies during his election campaign ensured an immediate reaction of the market, with Bitcoin (BTC) and other cryptocurrencies reaching several all -time high. In the meantime, however, it turns out that the Trump effect has lost dynamics and the cryptom market seems to be back on the stand of the elections.

increase in the commercial volume

After the elections on November 5, 2022, the cryptom market experienced a significant increase in the courses, accompanied by an increase in the commercial volume. Before the elections, the average daily trade volume fluctuated between $ 30 and $ 40 billion, while after the results it rose to almost $ 132 billion. However, this trend has declined significantly since the end of January, and the trading volume is now moving again at the level before the elections.

Current situation of the crypto trade volume

Despite the occasional tip, the trade volume is currently comparable to the situation before the elections, fluctuating between 31 and $ 36 billion since mid -March 2023. This decline could be attributed to the growing uncertainty on the financial markets. Trump's policy in relation to trade tariffs has fueled fears that the economic consequences could be dramatic. Analysts warn that the American economy could possibly slide into a recession.

market capitalization in a decline

parallel to the decline in the commercial volume, the entire market capitalization of cryptocurrencies in the past few months has also subsided, from a maximum of $ 3.9 trillion to $ 2.9 trillion. Interestingly, the market capitalization is currently stable, while the trading volume continues to drop.

Effects of a low trade volume

A low trading volume can have profound effects on the price movements of cryptocurrencies. Dealers could be less active because they hold their stocks, which could explain the sunken trading volume and stable market capitalization. However, lower trading volume can lead to larger price fluctuations. For example, a significant purchase or sales order from a crypto-whale, due to the lower trade volume, could cause stronger price fluctuations than at times of higher trading volume.

It remains to be seen whether the trading volume increases again when Donald Trump creates more clarity about his policy and the regulation of cryptocurrencies. The market currently seems to be waiting for the next step of the American president and is holding your breath in terms of future development in the crypto area.