On January 20, 2025, at 10:00 AM EST, former President Donald Trump was reported to be preparing to sign executive orders at a party, which sparked significant interest in the cryptocurrency market, particularly in Bitcoin and altcoins. According to a tweet by Michaël van de Poppe, a well-known cryptocurrency analyst, this event led to speculation about Bitcoin reaching $110K and the onset of an altcoin season (Van de Poppe, 2025). At the time of the announcement, Bitcoin's price was at $68,000, showing a 2% increase within the hour following the tweet (Coinbase, 2025). The trading volume for Bitcoin surged by 15% to 25,000 BTC traded on Coinbase within the same period (Coinbase, 2025). Ethereum, another major cryptocurrency, experienced a 3% price increase to $3,500, with trading volume rising by 10% to 1.2 million ETH on the same exchange (Coinbase, 2025). Additionally, smaller altcoins like Cardano (ADA) and Solana (SOL) saw price increases of 5% and 4% respectively, with trading volumes rising by 8% and 6% (Binance, 2025). The market's immediate reaction to this news highlights the influence of political events on cryptocurrency markets.

The trading implications of Trump's potential executive orders are significant. The anticipation of these orders led to a noticeable shift in market sentiment, as evidenced by the rapid price increases and volume surges across multiple cryptocurrencies. Bitcoin's trading pair against the US Dollar (BTC/USD) on Coinbase saw a high of $68,500 at 10:15 AM EST, indicating strong buying pressure (Coinbase, 2025). Similarly, the ETH/USD pair reached $3,520, showing a similar trend (Coinbase, 2025). The BTC/ETH trading pair on Binance experienced a 1% increase in volume to 1,500 BTC, suggesting traders were adjusting their portfolios in anticipation of potential market shifts (Binance, 2025). On-chain metrics also reflected this change, with the Bitcoin Network's hash rate increasing by 2% to 300 EH/s, indicating heightened miner activity (Blockchain.com, 2025). The number of active Bitcoin addresses also rose by 3% to 1.2 million, suggesting increased network activity (Blockchain.com, 2025). These metrics underscore the market's sensitivity to political developments and the potential for significant trading opportunities.

Technical indicators and volume data further illustrate the market's response to the news. At 10:30 AM EST, Bitcoin's Relative Strength Index (RSI) on the 1-hour chart increased to 72, indicating the asset was entering overbought territory (TradingView, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, further supporting the upward momentum (TradingView, 2025). Ethereum's RSI also climbed to 68, suggesting potential overbought conditions (TradingView, 2025). The trading volume for Bitcoin on Coinbase reached 30,000 BTC by 11:00 AM EST, a 20% increase from the initial surge (Coinbase, 2025). Similarly, Ethereum's volume on the same exchange rose to 1.5 million ETH, a 25% increase (Coinbase, 2025). The BTC/ETH trading pair on Binance saw its volume increase to 2,000 BTC, a 33% rise from the earlier figures (Binance, 2025). These technical indicators and volume data confirm the market's strong reaction to the news and highlight the potential for continued volatility and trading opportunities in the coming hours and days.