President Trump's recent Congressional address left the crypto community buzzing—not for what was said, but for what wasn't. Despite his administration's recent pro-crypto stance, notably the proposal to establish a U.S. 'Crypto Strategic Reserve' , Trump made no mention of cryptocurrencies during his speech .
This omission led to immediate market reactions. Bitcoin, which had surged to approximately $95,000 following the reserve announcement, experienced a sharp decline, dropping below $86,000 shortly after the speech . This 9% dip underscored the market's sensitivity to political signals.
As of now, Bitcoin has rebounded slightly, trading around $90,528.00, reflecting a 4.17% increase from the previous close. Other major cryptocurrencies like Ethereum and XRP have also seen modest recoveries.
While the speech's content—or lack thereof—introduced volatility, the broader market sentiment remains cautiously optimistic. Investors are advised to stay informed and approach the current landscape with measured optimism.