Cryptocurrencies recorded significant surges over the past few sessions as bulls emerged ahead of Donald Trump’s inauguration ceremony.
Crypto trading platforms confirm the prevailing enthusiasm with surged trader activities.
BitDegree data shows Binance’s 24-hour trading mushroomed from $4.78 billion on 11 January to yesterday’s peak of $19.06 billion.
That suggests a staggering 298.74% within a week. The metric stood at around $17.51 billion at press time.
Also, data shows Binance dominated crypto trading volumes after Trump’s victory, hitting record peaks in December last year.
Meanwhile, the surged trading volume on the exchange enriches demand for the native asset BNB.
The altcoin trades at $715 following a nearly 4% surge on its weekly chart.
With players executing speculative positions as attention remains on the US’s 20 January inauguration ceremony, BNB could extend its gains in the upcoming sessions.
BNB’s price turns bullish ahead of the US inauguration
Binance Coin retested $715 in the past 24 hours as cryptocurrencies rallied on Trump’s inauguration optimism.
Enthusiasts expect the 20 January event to welcome a historic pro-crypto government in the United States.
The anticipated “Crypto Ball” could usher in bullish sentiments that will take the digital assets sector to unprecedented highs this year.
