- Crypto surged after Donald Trump’s speech, with altcoins leading as traders reacted quickly to shifting political and market signals.
- Social data from Santiment shows bullish crypto sentiment hit a four-week high as Bitcoin rebounded near $66,200.
- Investors are rotating into altcoins as volatility rises, while earnings from Nvidia now shape broader risk appetite.
Crypto prices jumped sharply after former U.S. President Donald Trump delivered his State of the Union address, marking the strongest one-day gains this year.
As per Santiment, smaller cryptocurrencies led the rally, with Polkadot surging 23% and Uniswap climbing 19%. Avalanche followed closely with a 17% jump. Meanwhile, Chainlink and NEAR each rose about 15%, while Litecoin added 14%, showing broad-based excitement across the market.
This sudden rally underscores how political events can trigger immediate investor reactions. According to Caroline Mauron, co-founder of Orbit Markets, “The move higher likely reflects some dip-buying behavior after the extended selloff,” adding that Bitcoin reaching $70,000 could reshape the overall narrative.
The modest relief rally coincided with equities rising after Trump defended his economic record. Market participants noted that a Supreme Court decision had recently blocked his use of emergency powers to impose so-called reciprocal tariffs.
Earlier, he cited a different authority to announce 15% global tariffs, which had pressured crypto prices. Despite being viewed as pro-crypto during his White House return, Trump did not mention digital assets in the address.
Consequently, traders now focus on Nvidia’s earnings report, which could sway investor sentiment in the AI-fueled tech sector and ripple through crypto markets.
Social Sentiment Points to Retail Optimism
Santiment highlighted a glimmer of hope for Bitcoin earlier, which rebounded to $66,200 following Trump’s address. Social data across X, Reddit, and Telegram shows the highest bullish-to-bearish commentary ratio in four weeks.
Daniel Reis-Faria, CEO of ZeroStack, noted, “Bitcoin trades inside a broader market system now, so when liquidity tightens, volatility increases.” Additionally, assets generating tangible yield, such as Solana, tend to hold up better than momentum-driven tokens.
However, as Bitcoin stabilized again, positive talk started dominating negative talk in the market. While price movements are still volatile, the common investor started becoming hopeful about Bitcoin reaching $70,000 soon. In addition, there are more investments coming into altcoins, which indicates that investors are becoming hopeful about diversification of investment risks.
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