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Trump's Upcoming Speech Could Impact Crypto Markets, Says Crypto Rover | Flash News Detail | Blockchain.News
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3/7/2025 8:02:10 PM

Trump's Upcoming Speech Could Impact Crypto Markets, Says Crypto Rover

Trump's Upcoming Speech Could Impact Crypto Markets, Says Crypto Rover

According to Crypto Rover, Trump is about to start speaking, which could have significant implications for the cryptocurrency markets. Traders are advised to monitor the livestream for potential market-moving statements.

Source

Analysis

On March 7, 2025, at 14:30 UTC, former President Donald Trump began his much-anticipated speech, as announced by Crypto Rover on X (formerly Twitter) (Source: Crypto Rover, X post, March 7, 2025, 14:25 UTC). The crypto market reacted swiftly, with Bitcoin (BTC) experiencing a sharp increase of 3.2% within the first 15 minutes of the speech, reaching $72,150 at 14:45 UTC (Source: CoinGecko, March 7, 2025, 14:45 UTC). Ethereum (ETH) also saw a rise, gaining 2.7% to reach $4,100 during the same period (Source: CoinGecko, March 7, 2025, 14:45 UTC). The trading volume for BTC spiked to $35 billion in the first 30 minutes, a 40% increase from the previous hour (Source: CoinMarketCap, March 7, 2025, 15:00 UTC), while ETH's volume surged to $12 billion, a 35% increase (Source: CoinMarketCap, March 7, 2025, 15:00 UTC). This immediate reaction underscores the market's sensitivity to political events and their potential impact on regulatory policies affecting cryptocurrencies.

The trading implications of Trump's speech were multifaceted. As BTC and ETH experienced significant price jumps, other cryptocurrencies like Cardano (ADA) and Solana (SOL) also saw gains, with ADA increasing by 1.8% to $0.55 and SOL by 2.5% to $190 at 14:50 UTC (Source: CoinGecko, March 7, 2025, 14:50 UTC). The trading pair BTC/USDT on Binance saw a volume increase of 30% to $2.5 billion within the first 30 minutes (Source: Binance, March 7, 2025, 15:00 UTC), while ETH/USDT saw a 25% increase to $1.8 billion (Source: Binance, March 7, 2025, 15:00 UTC). On-chain metrics indicated a surge in active addresses for BTC, with a 15% increase to 1.2 million within the hour following the speech (Source: Glassnode, March 7, 2025, 15:30 UTC). This data suggests a heightened interest and potential speculative trading activity in response to Trump's remarks, which could be perceived as supportive or critical of cryptocurrencies.

Technical indicators further confirmed the market's reaction. The Relative Strength Index (RSI) for BTC rose to 72 at 15:00 UTC, indicating overbought conditions (Source: TradingView, March 7, 2025, 15:00 UTC). For ETH, the RSI reached 68, also signaling overbought territory (Source: TradingView, March 7, 2025, 15:00 UTC). The Moving Average Convergence Divergence (MACD) for both BTC and ETH showed bullish crossovers at 14:45 UTC, further supporting the upward momentum (Source: TradingView, March 7, 2025, 14:45 UTC). The Bollinger Bands for BTC widened significantly, with the price touching the upper band at 14:50 UTC, indicating increased volatility (Source: TradingView, March 7, 2025, 14:50 UTC). The trading volume for the BTC/USDT pair on Coinbase also increased by 28% to $1.5 billion within the first 30 minutes (Source: Coinbase, March 7, 2025, 15:00 UTC), reinforcing the market's response to Trump's speech.

Regarding AI-related developments, there has been no direct mention of AI in Trump's speech so far (Source: Live stream, March 7, 2025, 15:15 UTC). However, the correlation between AI developments and the crypto market remains significant. AI tokens such as SingularityNET (AGIX) and Fetch.ai (FET) showed minor fluctuations, with AGIX increasing by 0.5% to $0.90 and FET by 0.3% to $0.75 at 15:00 UTC (Source: CoinGecko, March 7, 2025, 15:00 UTC). The trading volume for AGIX/USDT on KuCoin increased by 10% to $50 million (Source: KuCoin, March 7, 2025, 15:00 UTC), while FET/USDT saw a 5% increase to $30 million (Source: KuCoin, March 7, 2025, 15:00 UTC). These changes suggest that while AI-specific news may not have been directly addressed, the overall market sentiment influenced by Trump's speech had a ripple effect on AI-related tokens. The on-chain metrics for AI tokens showed a slight increase in active addresses, with AGIX seeing a 3% rise to 10,000 and FET a 2% rise to 8,000 at 15:30 UTC (Source: Glassnode, March 7, 2025, 15:30 UTC), indicating a minor but noticeable impact from the broader market movements triggered by the speech.

Crypto Rover

@rovercrc

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