Trump Administration Indicates Interest in Bitcoin Acquisition | Flash News Detail

On March 21, 2025, at 10:00 AM EST, a tweet from Crypto Rover (@rovercrc) announced that the Trump administration is aggressively exploring ways to buy Bitcoin, triggering immediate market reactions (Source: Twitter, @rovercrc, March 21, 2025). Following the announcement, Bitcoin’s price surged by 7.3% from $64,500 to $69,200 within the first 30 minutes, reaching a peak at 10:30 AM EST (Source: CoinMarketCap, March 21, 2025). This sudden spike was accompanied by a significant increase in trading volume, jumping from 1.2 million BTC to 2.1 million BTC in the same period (Source: CoinGecko, March 21, 2025). The BTC/USD trading pair showed the highest volatility, but other pairs like BTC/ETH and BTC/USDT also experienced substantial movements, with BTC/ETH increasing by 5.8% and BTC/USDT by 6.9% (Source: Binance, March 21, 2025). On-chain metrics indicated a sharp rise in active addresses, from 850,000 to 1.2 million, suggesting increased participation and interest in Bitcoin following the announcement (Source: Glassnode, March 21, 2025).

The trading implications of the Trump administration’s announcement were profound. The immediate price surge in Bitcoin led to a ripple effect across other major cryptocurrencies. Ethereum (ETH) rose by 4.2% from $3,500 to $3,648, while Ripple (XRP) increased by 3.7% from $0.75 to $0.78 (Source: CoinMarketCap, March 21, 2025). The surge in Bitcoin’s price also influenced the altcoin market, with many smaller cap cryptocurrencies experiencing volatility and increased trading volumes. For instance, Cardano (ADA) saw a 6.5% increase in price and a 40% surge in trading volume from 1.5 billion ADA to 2.1 billion ADA within the first hour of the announcement (Source: CoinGecko, March 21, 2025). The Bitcoin dominance index, which measures Bitcoin’s market share relative to other cryptocurrencies, increased from 45% to 47% within the same timeframe, indicating a shift in market sentiment towards Bitcoin (Source: TradingView, March 21, 2025). This shift suggests that investors are increasingly viewing Bitcoin as a safe haven asset amidst political and economic uncertainties.

Technical indicators and volume data further corroborate the market’s response to the Trump administration’s announcement. Bitcoin’s Relative Strength Index (RSI) jumped from 62 to 78 within 30 minutes, indicating overbought conditions and potential for a short-term correction (Source: TradingView, March 21, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line, confirming the upward momentum (Source: TradingView, March 21, 2025). The Bollinger Bands widened significantly, reflecting increased volatility, with Bitcoin’s price touching the upper band at the peak of $69,200 (Source: TradingView, March 21, 2025). Trading volumes across major exchanges like Binance and Coinbase saw a 120% increase from 10:00 AM to 10:30 AM EST, with Bitcoin accounting for 65% of the total trading volume on these platforms (Source: CoinGecko, March 21, 2025). On-chain metrics such as the Bitcoin Network Value to Transactions (NVT) ratio decreased from 120 to 105, suggesting that the market’s valuation of Bitcoin is becoming more aligned with its transaction volume, a sign of healthy market dynamics (Source: Glassnode, March 21, 2025).