Although this congressional speech by $ADA did not mention the cryptocurrency industry, the market was still shaken, as his words make both bulls and bears nervous.
Last night's market volatility was primarily due to the market bringing forward interest rate cut expectations to May, causing the crypto circle to jump around excitedly in the middle of the night.
Summary of Trump's speech:
1. Bragging opener: America is back. Trump started by saying "America is back," claiming that in his first 6 weeks he accomplished things others could not in 4 or 8 years. He referred to this period as "the greatest and most successful time in American history," brimming with confidence.
2. Economic card: saving the grocery basket. He prioritized rescuing the economy, stating he would ease the burden on working families. He directly pointed to the "economic disaster" and "inflation nightmare" left by the previous administration, such as soaring energy and grocery prices, making it hard for many to afford necessities. He promised to resolve these "grocery basket issues" immediately.
3. Tough stance on immigration: He demanded that illegal immigrants who steal or commit violent crimes must be arrested. He cited the example of a girl in Georgia who was killed by an illegal immigrant (her family was even invited to the event), emphasizing that border arrests have hit a 25-year low since he took office, and that he would continue to crack down.
4. Calling out opponents: Let's work together. At the end of his speech, he surprisingly called out the Democrats, saying, "Let's celebrate America's victory together tonight," hoping for cooperation to "make America great again."
This speech was very "Trump-style"—first boasting achievements, then shifting blame to predecessors, and finally focusing on economic and immigration issues to attract supporters.