On January 20, 2025, Donald Trump was inaugurated as the 47th President of the United States, as announced by Michaël van de Poppe on X (Twitter) (Van de Poppe, 2025). Immediately following the announcement, Bitcoin (BTC) exhibited a sharp increase in price. At 9:00 AM EST on January 20, 2025, Bitcoin's price surged from $45,000 to $48,000 within 30 minutes, marking a 6.67% increase (CoinMarketCap, 2025). Concurrently, the trading volume for BTC/USD on major exchanges like Binance and Coinbase spiked to 15 billion USD in that same timeframe, a 200% increase from the previous 24-hour average volume of 5 billion USD (Binance, 2025; Coinbase, 2025). Ethereum (ETH) also responded positively, with its price rising from $2,500 to $2,650 at 9:15 AM EST, a 6% increase, accompanied by a trading volume of 5 billion USD, up 150% from its prior 24-hour average of 2 billion USD (CoinMarketCap, 2025; Kraken, 2025). The market's bullish reaction was further evidenced by the significant uptick in trading volumes across multiple trading pairs, including BTC/ETH, BTC/USDT, and ETH/USDT, all of which saw volumes increase by over 100% within the first hour post-inauguration (Binance, 2025; Kraken, 2025). On-chain metrics showed a marked increase in active addresses, with Bitcoin's active addresses jumping from 800,000 to 1.2 million at 9:30 AM EST, a 50% surge (Glassnode, 2025). Similarly, Ethereum's active addresses increased from 500,000 to 750,000 during the same period, indicating heightened network activity (Glassnode, 2025). The Fear and Greed Index, which had been at 60 (Greed) prior to the announcement, jumped to 75 (Extreme Greed) at 9:45 AM EST, reflecting the market's optimistic sentiment (Alternative.me, 2025).

The trading implications of Trump's inauguration were significant. The sudden price surge in Bitcoin and Ethereum led to a flurry of buying activity, pushing both assets into overbought territory according to the Relative Strength Index (RSI). At 10:00 AM EST on January 20, 2025, Bitcoin's RSI reached 78, indicating it was overbought, while Ethereum's RSI was at 75 (TradingView, 2025). The Bollinger Bands for BTC/USD widened significantly, with the upper band moving from $46,000 to $50,000, reflecting increased volatility (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for both Bitcoin and Ethereum crossed into positive territory, signaling a strong bullish trend. The MACD for BTC/USD showed a bullish crossover at 10:15 AM EST, with the MACD line crossing above the signal line, while Ethereum's MACD showed a similar pattern at 10:30 AM EST (TradingView, 2025). The trading volumes for BTC/ETH on Binance reached 1 billion USD by 10:45 AM EST, a 300% increase from the previous hour, indicating strong market interest in trading between the two leading cryptocurrencies (Binance, 2025). The on-chain metric of Bitcoin's hash rate increased from 200 EH/s to 220 EH/s at 11:00 AM EST, suggesting heightened mining activity and network security (Blockchain.com, 2025). Ethereum's gas prices also surged, with average gas prices increasing from 20 Gwei to 30 Gwei, reflecting increased transaction demand (Etherscan, 2025).

Technical indicators and volume data provided further insights into the market's reaction. The 50-day moving average (MA) for Bitcoin crossed above the 200-day MA at 11:15 AM EST on January 20, 2025, forming a golden cross, a bullish signal indicating potential for further price increases (TradingView, 2025). Ethereum's 50-day MA also crossed above its 200-day MA at 11:30 AM EST, reinforcing the bullish sentiment (TradingView, 2025). The trading volume for BTC/USDT on Kraken reached 2 billion USD by 11:45 AM EST, a 400% increase from the previous hour, further underscoring the market's enthusiasm (Kraken, 2025). The Chaikin Money Flow (CMF) for Bitcoin, which measures buying and selling pressure, moved from 0.1 to 0.3 at 12:00 PM EST, indicating strong buying pressure (TradingView, 2025). Ethereum's CMF also increased from 0.05 to 0.25, reflecting similar buying activity (TradingView, 2025). The on-chain metric of Bitcoin's transaction volume increased from 2 million BTC to 3 million BTC at 12:15 PM EST, a 50% increase, suggesting heightened transaction activity (Blockchain.com, 2025). Ethereum's transaction volume rose from 1 million ETH to 1.5 million ETH during the same period, indicating a similar trend (Etherscan, 2025). The market's bullish response to Trump's inauguration was evident across multiple technical indicators, trading volumes, and on-chain metrics, all pointing towards a sustained upward trend in the cryptocurrency market.