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For the past two months, Bitcoin has gone absolutely nowhere. This is remarkable, considering the totally different political environment in which we now reside. One would reasonably expect Bitcoin to be at least twice its prior peak, what with all the D.C. bluster around it.

Looking at the moving averages over the coin’s history, you can see how the angle of attack has been getting increasingly muted. I don’t necessarily think the $109,000 mark is the ultimate top, but it’s close.

Most “alt-coins” are trashed now, and even tier-two coins like Doge (with its very famous moniker) have sputtered away a bunch of their post-election gains.

Yet Doge is a champion compared to the many hundreds of coins that look more or less like this:

I did notice that, having slipped lower for weeks with hardly any support, the TRUMP coin rallied mightily late this week, right on the heels of the President talking to Putin.

I daresay there might have been a huge purchase in exchange for some political favors, since there’s absolutely no other reason for this thing to lift off. Half the gain has already evaporated, so I'll be interested to see what happens in the days to come with this obviously political coin.

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