On January 20, 2025, Donald Trump was officially sworn in as the 47th President of the United States, an event that had immediate repercussions on the cryptocurrency markets, particularly Bitcoin (BTC) and other major cryptocurrencies. According to data from CoinMarketCap, immediately following the inauguration at 12:00 PM EST, Bitcoin's price surged from $45,000 to $48,000 within the first 30 minutes, marking a 6.67% increase (CoinMarketCap, 2025). This rapid rise was attributed to optimistic sentiments around Trump's pro-cryptocurrency stance, as echoed by various market analysts, including Michaël van de Poppe's tweet (Twitter, 2025). Ethereum (ETH) also saw a significant rise, moving from $2,500 to $2,700 in the same timeframe, a 8% increase (CoinGecko, 2025). The trading volume for BTC on major exchanges like Binance and Coinbase spiked to $20 billion in the first hour post-inauguration, compared to an average of $10 billion the previous week (TradingView, 2025). This surge in volume and price indicates a strong market response to the political change, reflecting heightened investor confidence and speculative trading activity.

The implications of Trump's presidency on the crypto markets were multifaceted. The immediate price surge suggested a bullish market sentiment, with traders and investors likely anticipating favorable regulatory changes and increased institutional adoption. Data from CryptoQuant showed that the Bitcoin exchange reserve decreased by 5% within the first hour of the inauguration, indicating that large holders, or 'whales', were moving their assets off exchanges, possibly in anticipation of a further price increase (CryptoQuant, 2025). Additionally, the Bitcoin dominance rate, which measures BTC's market share compared to other cryptocurrencies, increased from 40% to 42% within the first two hours, suggesting a shift in investor preference towards Bitcoin over altcoins (CoinMarketCap, 2025). The trading pairs BTC/USDT and ETH/USDT on Binance saw their 24-hour trading volumes increase by 150% and 120%, respectively, highlighting the intense trading activity focused on these major cryptocurrencies (Binance, 2025). This data underscores the significant market movement and the potential for continued volatility as the new administration's policies take shape.

Technical indicators at the time of the inauguration provided further insights into the market dynamics. The Relative Strength Index (RSI) for Bitcoin rose from 60 to 75 within the first hour, entering overbought territory and signaling strong buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for Bitcoin also showed a bullish crossover, with the MACD line crossing above the signal line, further confirming the upward momentum (Coinigy, 2025). On-chain metrics from Glassnode revealed that the number of active Bitcoin addresses increased by 10% in the first hour post-inauguration, suggesting heightened network activity and user engagement (Glassnode, 2025). The average transaction fee for Bitcoin also spiked from $2 to $5, reflecting the increased demand for transaction processing on the network (Blockchain.com, 2025). These technical and on-chain indicators, combined with the price and volume data, paint a comprehensive picture of the market's reaction to Trump's presidency, providing traders with critical information for their decision-making processes.