Bitcoin Price Hits $66K Following Trump’s Longest State of the Union Remarks

TLDR

• Bitcoin rose to $66,000 after Donald Trump praised the US economy during his longest State of the Union address.
• Crypto traders moved $52 billion into digital assets during the speech as market activity increased.
• Bitcoin later eased to just over $65,000 as early gains moderated during the trading session.
• Trump said the stock market achieved 53 record highs and highlighted strong global investment flows.
• Analysts said weak job data and tech sector losses continued to pressure overall crypto sentiment.

Crypto markets moved quickly after Donald Trump praised the US economy during his longest State of the Union address, and Bitcoin price climbed toward $66,000 before easing slightly as trading continued and sentiment shifted during the session.

Bitcoin price moves during Trump’s speech

Bitcoin advanced 3% to $66,000 during the nearly two-hour speech, and traders reacted to strong economic claims. The coin later hovered just above $65,000 as early gains cooled.

Analysts said traders responded to Trump’s comment that “everyone’s up, way up,” and markets moved with fresh interest. Trading desks noted swift inflows during the address.

Crypto data from CoinGecko showed that investors moved $52 billion into the market during the speech. That sharp flow lifted activity across major exchanges.

Trump highlighted 53 stock market highs since the election and pointed to rising global investment. He also said $18 trillion has entered the US economy.

Market desks said traders watched those comments closely because they aligned with previous forecasts from economist Ed Yardeni. Activity increased across both spot and derivatives platforms.

Bitcoin still trades 49% below its October peak of $126,000, and recent moves reflect shifting expectations. Price swings remained tight despite short bursts of volatility.

Bitcoin price volatility and crypto sentiment

Traders continued to track weak job data showing more than 100,000 layoffs in January, which pressured earlier sentiment. That report marked the worst January since 2009.

Analysts said those numbers drove caution around risk markets, and Bitcoin saw forceful reactions. Flows then stabilized as investors waited for fresh direction.

Aurélie Barthere of Nansen wrote that slowing regulatory momentum and tech sector weakness dragged on the trend. She said those factors reinforced an ongoing downtrend.

Recent pressure also came from fears surrounding artificial intelligence disruption, which rattled investors. A new Citrini Research report pushed tech stocks lower.

The report, titled “The 2028 Global Intelligence Crisis,” projected heavy office job losses. It also forecast debt stress and a 38% drop in the S&P 500.

BlackRock’s top tech ETF fell 3% after the report spread across trading circles. Tech giants like Microsoft, Oracle, and Palantir weighed on the index.

Laurens Fraussen of Kaiko said AI would change work patterns but create a gradual shift. He said workers must adapt to avoid falling behind.

He added that heavy job losses would likely prompt US policy support, as seen during the pandemic. He said such support could lift Bitcoin.

Outlook for crypto after Trump’s address

Arthur Hayes of BitMEX said earlier this month that US money printing could lift Bitcoin further. He warned that timing remains uncertain.

Hayes said supply expansion would push traders toward hedge assets. He noted that price reactions can move fast.

Bitcoin traded slightly above $65,000 at the time of reporting. Price action remained active as markets processed new economic signals.

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