Bitcoin and Ethereum Climb 3% as Trump’s State of the Union Fuels Crypto Market Optimism

In a swift turnaround, and each jumped 3% in a single day. This surge came right after President Trump’s address. The speech lifted spirits in the crypto world, sparking hopes for a friendlier environment for digital assets.

The Recent Dip and Quick Recovery

Just last week, the crypto market faced tough times. dropped 4%, while fell 5%. Major altcoins like XRP, BNB, Solana, Dogecoin, Cardano, and Hyperliquid saw even bigger losses, plunging over 8%. Only Tron bucked the trend with a 1.5% gain.

But on Wednesday, the mood shifted. traded around $68,000, showing strong resilience. Even with news of new US tariffs, it held steady. The total crypto market cap climbed back to $2.25 trillion. This rebound highlights how quickly sentiment can change in this volatile space.

What Sparked the <3% Jump>?

President Trump’s address played a key role. His words focused on economic growth, business freedom, and policy stability. Crypto fans see this as a green light. Trump has spoken positively about digital currencies before, and many expect his administration to ease regulations.

The speech eased fears from recent market dips. had tumbled below $70,000 after hitting a 16-month low near $60,000. It wiped out gains from Trump’s 2024 win. But now, whales – big investors – are buying again as smaller players pull back. This has helped push prices up.

• Bitcoin: Rebounded from $62K, now consolidating near $70K.
• Ethereum: Gained alongside BTC, boosted by improved macro views.
• Market Impact: Long liquidations cleared weak hands, paving way for rally.

Altcoins Join the Party

It’s not just the top two. Other coins followed suit. After heavy losses last week, many altcoins posted gains. Solana and Dogecoin, popular for their speed and memes, bounced back. This broad rally shows growing confidence across the board.

Tron kept its upward streak. Meanwhile, Hyperliquid and Cardano recovered some ground. The overall market sentiment turned positive, driven by better global economic signals and policy hopes.

Why Crypto Loves Trump’s Vision

Trump’s address stressed continuity in pro-growth policies. For crypto, this means less regulatory heat. Past dips were linked to fears of strict rules or economic slowdowns. Now, with tariffs in focus but crypto holding firm, investors feel safer.

Bitcoin has won over Wall Street, but it pays the price of high expectations. Recent plunges drove a $2 trillion drop in market value. Yet, the quick recovery proves its strength. India’s tax officials are watching crypto trades closely, but global trends dominate.

Technical Outlook: What’s Next for Bitcoin and Ethereum?

From a chart view, tests key support at $68,000. A break above $70,000 could target $75,000 soon. mirrors this, with momentum building.

Watch these levels:

1. Bitcoin resistance: $70K – $72K
2. Ethereum support: $3,200
3. Market cap goal: $2.5 trillion

Whale activity is key. Big holders are accumulating, betting on long-term gains. Liquidations from the dip cleared out overleveraged positions, setting a cleaner base.

Broader Market Context

Crypto doesn’t trade in a bubble. US tariffs and global trade talks add pressure. But Bitcoin’s resilience shines through. It acts like digital gold in uncertain times.

Investors flee risky bets during dips, but smart money returns. This <3% surge> is just the start of a potential bull run. With Trump’s pro-business tone, more gains could follow.

Tips for Crypto Investors Right Now

Stay informed on policy shifts. Trump’s speech signals good times ahead, but volatility remains. Diversify, use stop-losses, and focus on fundamentals.

• Track Bitcoin price daily for trends.
• Watch Ethereum for DeFi and NFT updates.
• Follow whale wallets for big moves.
• Consider altcoins with real utility like Solana.

Conclusion: A New Chapter for Crypto?

The marks a turning point. Trump’s has reignited optimism. After a rough week, the market shows its bounce-back power. Keep an eye on prices – the bull rally might just be heating up.

What do you think? Will crypto keep climbing? Share your views below!