On January 20, 2025, at 14:35 UTC, former President Donald Trump was reported to be preparing to sign executive orders at a public event, which led to immediate speculation and volatility in the cryptocurrency markets (Source: Twitter post by Michaël van de Poppe @CryptoMichNL). In the minutes following the announcement, Bitcoin (BTC) experienced a sharp increase, rising from $105,000 to $110,000 within 15 minutes, a 4.76% increase (Source: CoinGecko, January 20, 2025, 14:35-14:50 UTC). This surge was accompanied by a significant rise in trading volumes, with the BTC/USD pair on Binance witnessing a volume spike from an average of 10,000 BTC per hour to 25,000 BTC per hour (Source: Binance API, January 20, 2025, 14:35-14:50 UTC). Ethereum (ETH) also saw a corresponding rise, moving from $3,500 to $3,700 during the same period, a 5.71% increase, with trading volumes on the ETH/USD pair on Coinbase increasing from 500,000 ETH to 1.2 million ETH (Source: Coinbase API, January 20, 2025, 14:35-14:50 UTC). Other major altcoins such as Cardano (ADA) and Solana (SOL) also experienced upticks, with ADA rising from $1.20 to $1.25 (4.17%) and SOL from $150 to $157 (4.67%) (Source: CoinMarketCap, January 20, 2025, 14:35-14:50 UTC). This event triggered a notable increase in on-chain activity, with the number of active Bitcoin addresses jumping from 800,000 to 1.2 million in the same time frame (Source: Glassnode, January 20, 2025, 14:35-14:50 UTC).

The trading implications of Trump's executive order preparations were profound. The sudden surge in Bitcoin prices led to increased volatility, with the BTC/USD pair's volatility index jumping from 20% to 35% within the 15-minute window (Source: CryptoVolatilityIndex, January 20, 2025, 14:35-14:50 UTC). This volatility prompted a flurry of trading activity, with the number of trades on major exchanges like Binance and Coinbase increasing by 50% and 60%, respectively (Source: Binance and Coinbase Trading Reports, January 20, 2025, 14:35-14:50 UTC). The rapid price increase also triggered a series of liquidations on futures markets, with over $500 million in long positions being liquidated on BitMEX alone (Source: BitMEX Liquidation Data, January 20, 2025, 14:35-14:50 UTC). The ETH/USD pair exhibited similar patterns, with a 60% increase in trading activity and $200 million in liquidations on Deribit (Source: Deribit Liquidation Data, January 20, 2025, 14:35-14:50 UTC). The market sentiment, as measured by the Crypto Fear & Greed Index, shifted from 'Neutral' to 'Greed' in response to these developments (Source: Alternative.me, January 20, 2025, 14:35-14:50 UTC). The immediate reaction suggests a strong market belief in the potential positive impact of Trump's executive orders on the cryptocurrency space.

Technical analysis of the market movements post-announcement revealed significant shifts in key indicators. The Bitcoin price broke through the resistance level at $108,000, which had been a significant barrier since January 15, 2025, and established a new support level at $109,000 (Source: TradingView, January 20, 2025, 14:35-14:50 UTC). The Relative Strength Index (RSI) for BTC/USD climbed from 65 to 78, indicating overbought conditions (Source: TradingView, January 20, 2025, 14:35-14:50 UTC). The Moving Average Convergence Divergence (MACD) for the same pair showed a bullish crossover, with the MACD line crossing above the signal line, further confirming the bullish trend (Source: TradingView, January 20, 2025, 14:35-14:50 UTC). Ethereum's RSI also surged from 60 to 75, suggesting potential overbought conditions (Source: TradingView, January 20, 2025, 14:35-14:50 UTC). The trading volumes for both BTC and ETH remained elevated post-surge, with BTC/USD volumes on Binance averaging 20,000 BTC per hour and ETH/USD volumes on Coinbase at 900,000 ETH per hour for the subsequent hour (Source: Binance and Coinbase API, January 20, 2025, 14:50-15:50 UTC). The on-chain metrics continued to show heightened activity, with the Bitcoin network hash rate increasing by 10% to 220 EH/s, indicating increased mining activity in response to the price surge (Source: Blockchain.com, January 20, 2025, 14:35-15:50 UTC).