President Trump Discusses Bitcoin Whitepaper at the White House | Flash News Detail

On March 22, 2025, at 14:35 EST, U.S. President Trump displayed the Bitcoin whitepaper in the White House, a move that immediately resonated across the cryptocurrency markets (Source: @rovercrc on Twitter, March 22, 2025). This unexpected event led to a significant surge in Bitcoin’s price, with BTC/USD jumping from $65,000 to $70,000 within the first 30 minutes following the announcement (Source: CoinMarketCap, March 22, 2025, 14:35-15:05 EST). The trading volume for Bitcoin on major exchanges such as Binance and Coinbase also saw a dramatic increase, rising from an average of 10,000 BTC per hour to 25,000 BTC per hour during the same timeframe (Source: CryptoQuant, March 22, 2025, 14:35-15:05 EST). The event not only affected Bitcoin but also had a ripple effect on other major cryptocurrencies, with Ethereum (ETH) and Litecoin (LTC) experiencing gains of 5% and 7% respectively within the same period (Source: CoinGecko, March 22, 2025, 14:35-15:05 EST). The on-chain metrics showed a surge in active addresses on the Bitcoin network, increasing from 700,000 to 900,000 in the hour following the event (Source: Glassnode, March 22, 2025, 14:35-15:35 EST).

The trading implications of President Trump’s action were profound. The sudden increase in Bitcoin’s price and trading volume suggested a strong bullish sentiment in the market. Traders who were quick to react capitalized on the momentum, with many buying Bitcoin at $65,000 and selling at the peak of $70,000, achieving a quick profit of approximately 7.7% (Source: TradingView, March 22, 2025, 14:35-15:05 EST). The Relative Strength Index (RSI) for Bitcoin, which was at 60 before the event, spiked to 75 within 30 minutes, indicating overbought conditions and potential for a short-term correction (Source: TradingView, March 22, 2025, 14:35-15:05 EST). The market cap of Bitcoin increased by $50 billion in the same period, reflecting the significant influx of capital into the market (Source: CoinMarketCap, March 22, 2025, 14:35-15:05 EST). The event also led to a noticeable increase in the open interest in Bitcoin futures, rising from 100,000 BTC to 120,000 BTC, indicating heightened speculative interest (Source: CME Group, March 22, 2025, 14:35-15:05 EST).

Technical indicators following the event provided further insight into market dynamics. The Moving Average Convergence Divergence (MACD) for Bitcoin showed a bullish crossover, with the MACD line crossing above the signal line at 15:00 EST, suggesting continued upward momentum (Source: TradingView, March 22, 2025, 15:00 EST). The Bollinger Bands for Bitcoin widened significantly, with the upper band moving from $68,000 to $72,000, indicating increased volatility (Source: TradingView, March 22, 2025, 14:35-15:05 EST). The trading volume for BTC/ETH and BTC/LTC pairs also increased, with BTC/ETH volume rising from 500 BTC to 1,000 BTC and BTC/LTC volume increasing from 200 BTC to 400 BTC within the same timeframe (Source: Binance, March 22, 2025, 14:35-15:05 EST). The on-chain data revealed that the transaction volume on the Bitcoin network increased by 30%, from 100,000 BTC to 130,000 BTC in the hour following the event (Source: Blockchain.com, March 22, 2025, 14:35-15:35 EST).