In a swift turnaround, Bitcoin and Ethereum each jumped 3% in just one day, fueled by fresh optimism from President Trump’s address. This rebound comes after a tough week where prices dipped, showing how quickly crypto markets can shift with big political news.
The total crypto market cap climbed back to $2.25 trillion, a sign that investors are feeling more confident. Bitcoin now hovers around $68,000, proving its strength even amid global trade talks and tariffs. Ethereum followed suit, gaining ground as traders bet on better days ahead.
Last week was rough for crypto. Bitcoin fell 4%, Ethereum dropped 5%, and many altcoins like XRP, BNB, Solana, Dogecoin, Cardano, and Hyperliquid sank over 8%. Only Tron bucked the trend with a 1.5% gain.
But Wednesday flipped the script. Trump’s speech highlighted economic growth, deregulation hints, and a pro-business vibe that crypto fans love. He did not dive deep into digital assets, but his tone on innovation and America-first policies sparked hopes for lighter rules on Bitcoin mining and blockchain tech.
This > mirrors past rallies tied to U.S. politics. Trump’s past support for crypto, like calling Bitcoin “the future of money,” keeps sentiment high.
Trump’s focused on jobs, tech leadership, and cutting red tape. Crypto traders read between the lines: less SEC crackdown, more green lights for ETFs and stablecoins.
Key takeaways for crypto:
Whales – big holders – are buying dips again. On-chain data shows large wallets scooping Bitcoin near $62,000, betting on a push to $70,000 or higher.
Not just the big two. Solana and others clawed back losses, though still down weekly. Dogecoin perked up on meme hype, while XRP eyes legal wins.
| Coin | Weekly Change | Daily Jump |
|---|---|---|
| Bitcoin | -4% | +3% |
| Ethereum | -5% | +3% |
| XRP | -8%+ | +2% |
| Solana | -8%+ | +2.5% |
Tron’s gain stands out, linked to stablecoin use in emerging markets.
Despite U.S. tariff news, Bitcoin held $68,000. It beat Wall Street dips and rebounded from 16-month lows near $60,000. Liquidations hit hard last week, wiping billions, but now bulls control.
Experts say: “Crypto decouples from stocks during political wins.” Trump’s win post-election already boosted prices; this speech adds fuel.
Short-term: Consolidation near $70,000 for Bitcoin if no bad news. Ethereum could test highs with ETF inflows.
Risks: Tariffs spark inflation fears, or Fed delays cuts. But pro-crypto signals from D.C. – like strategic reserves – could send prices soaring.
India watches too, with tax officials eyeing trading compliance amid global shifts.
1. Dollar-Cost Average: Buy dips steadily.
2. Watch On-Chain Metrics: Whale buys signal uptrends.
3. Diversify: Mix BTC, ETH, and select altcoins.
4. Stay Informed: Follow U.S. policy news closely.
The > proves crypto’s tie to real-world events. Trump’s lit the fuse – now watch the fireworks.
Crypto remains dynamic. Prices swing fast, but resilience shines. As Trump pushes growth, Bitcoin and Ethereum lead the charge. Stay tuned for more updates on this bull rally.
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