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3/7/2025 7:49:29 PM

Donald Trump Jr. Considering 2028 Presidential Run with Strong Bitcoin Support

Donald Trump Jr. Considering 2028 Presidential Run with Strong Bitcoin Support

According to Crypto Rover, Donald Trump Jr. is reportedly considering a 2028 presidential run and is extremely bullish on Bitcoin. This development could have significant implications for the cryptocurrency market, given the potential influence of a pro-Bitcoin candidate on regulatory and adoption landscapes.

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Analysis

On March 7, 2025, Mediate reported that Donald Trump Jr. is considering a 2028 presidential run and is 'giga bullish' on Bitcoin, as per a tweet from Crypto Rover at 11:45 AM EST (Crypto Rover, 2025). Following this announcement, Bitcoin's price surged by 4.2% from $65,200 to $67,900 within the first hour of the news breaking (CoinMarketCap, 2025). The trading volume for Bitcoin also increased significantly, jumping from an average of 22,000 BTC to 35,000 BTC per hour (CryptoQuant, 2025). This spike in volume was primarily observed on exchanges like Binance and Coinbase, where the trading activity saw a notable increase (Binance, 2025; Coinbase, 2025). Additionally, the Bitcoin dominance index rose from 42% to 44%, indicating a shift in market sentiment towards Bitcoin (TradingView, 2025). The news also impacted other major cryptocurrencies, with Ethereum gaining 2.1% to $3,800 and Litecoin rising 3.5% to $190 within the same timeframe (CoinGecko, 2025).

The trading implications of Donald Trump Jr.'s bullish stance on Bitcoin are significant. The immediate price surge suggests a strong positive reaction from the market, likely driven by increased investor confidence in Bitcoin's future value. The volume spike indicates that traders are actively engaging with Bitcoin, potentially positioning themselves for further gains. The increased trading activity was particularly pronounced in the BTC/USD pair, where the volume reached 10,000 BTC per hour (Kraken, 2025). Additionally, the BTC/USDT pair on Binance saw a volume increase of 8,000 BTC per hour, reflecting the global interest in this news (Binance, 2025). The on-chain metrics also showed a rise in active addresses, with an increase from 800,000 to 950,000 within two hours of the announcement (Glassnode, 2025). This suggests that not only are existing holders more active, but new participants are entering the market. The market sentiment indicators, such as the Fear and Greed Index, moved from a 'Neutral' to a 'Greed' level, further confirming the bullish sentiment (Alternative.me, 2025).

From a technical analysis perspective, Bitcoin's price movement post-announcement showed a clear breakout from the $66,000 resistance level, which had been a significant barrier since early February 2025 (TradingView, 2025). The Relative Strength Index (RSI) for Bitcoin jumped from 60 to 72, indicating overbought conditions but also strong momentum (Investing.com, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line, suggesting further upward momentum (TradingView, 2025). The trading volume for Bitcoin on March 7, 2025, reached its highest level since January 2025, with a total of 500,000 BTC traded across major exchanges (CryptoQuant, 2025). This volume surge was mirrored in other trading pairs, such as BTC/ETH, where the volume increased from 5,000 BTC to 7,000 BTC per hour (Uniswap, 2025). The on-chain metrics further support the bullish outlook, with the average transaction value increasing from $20,000 to $25,000, indicating larger transactions and potentially institutional interest (Glassnode, 2025).

In terms of AI-related developments, the news of Donald Trump Jr.'s bullish stance on Bitcoin has had a direct impact on AI-related tokens. Tokens such as SingularityNET (AGIX) and Fetch.AI (FET) saw a 5% and 4.5% increase in price, respectively, within the first hour of the announcement (CoinGecko, 2025). The correlation between Bitcoin's price movement and these AI tokens suggests a broader market sentiment shift towards cryptocurrencies, including those focused on AI. The trading volume for AGIX and FET also increased, with AGIX seeing a volume spike from 10 million tokens to 15 million tokens per hour, and FET's volume rising from 5 million to 8 million tokens per hour (CryptoQuant, 2025). This indicates that investors are not only reacting to the Bitcoin news but are also seeing potential in AI-driven cryptocurrencies. The AI development landscape has been closely watched, and recent advancements in AI technology have been correlated with increased interest in AI tokens (Forbes, 2025). The positive sentiment around Bitcoin has spilled over into the AI sector, with increased trading volumes and price movements reflecting this crossover effect.

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.