Bitcoin Surges Following Trump’s Major Crypto Announcement


Bitcoin has experienced a remarkable resurgence following remarks made by President Donald Trump at the Digital Asset Summit (DAS) held in New York on March 20, 2025. At the summit, Trump touted his vision of establishing the United States as a dominant force in the cryptocurrency space, positioning it as the “superpower” and, moreover, the “undisputed crypto capital of the world.” Following his address, Bitcoin’s price saw significant fluctuations, initially soaring to $86,000 (ÂŁ66,400) before settling around $79,000 (ÂŁ61,000).

Back in December 2024, Bitcoin’s value briefly surpassed $100,000 (ÂŁ77,200) for the first time but subsequently faced a steep decline attributed to concerns over economic instability linked to the Trump administration’s policies. Despite these challenges, the recent rally highlights the cryptocurrency’s potential for recovery, which many believe is tied to the recent Bitcoin halving event that occurred on April 20, 2024. The halving is a mechanism embedded in Bitcoin’s code that reduces the reward for mining new blocks by 50%, effectively limiting the supply of Bitcoin and often resulting in price increases.



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