Bitcoin’s Coinbase Premium Declines Amid Speculation That Trump Will Make Crypto a National Policy.

Bitcoin (BTC) has managed to maintain a solid footing around the $100,000 mark, despite mixed signals surrounding the incoming U.S. administration’s stance on cryptocurrency. As President-elect Donald Trump prepares for his inauguration, there’s growing speculation about his potential executive order that could recognize crypto as a national priority, signaling a shift in regulatory focus.

Recent reports indicate that Trump may also unveil plans to create a crypto advisory board to help shape policies and foster industry growth, with many crypto advocates hoping for favorable changes to regulations. This optimism has caused some to predict that the digital asset sector could see significant positive shifts, especially with Trump’s previous support for the industry during his campaign.

However, despite these promising developments, Bitcoin’s price on Coinbase remains slightly lower compared to Binance, signaling a muted response from U.S. investors. According to CryptoQuant data, the Coinbase premium indicator, which tracks the price spread between Coinbase and Binance, shows less enthusiasm in the U.S. market.

While Bitcoin surged during the November-December rally—driven largely by U.S. investors—the enthusiasm seems to have tempered since mid-December. With the cryptocurrency hovering in the $90,000-$108,000 range, U.S. traders appear to be taking a wait-and-see approach, unsure whether the incoming president will deliver on his promises to support the digital assets sector.

The ongoing “Inaugural Crypto Ball” event reflects the hope that Trump will indeed take steps to back the cryptocurrency market, but Bitcoin’s price action shows that many are cautious, waiting for tangible policy changes before making major moves.