On February 27, 2025, Michael Saylor, CEO of MicroStrategy, met with the House Financial Services Committee to discuss digital assets and the future of Bitcoin and cryptocurrency in the United States. During the meeting, Saylor presented a Digital Assets Framework aimed at positioning the U.S. as a global leader in the crypto space (Saylor, 2025). Following the announcement, Bitcoin (BTC) experienced a significant price increase, jumping from $56,432 at 10:00 AM EST to $58,210 by 11:30 AM EST, reflecting a 3.15% rise within 90 minutes (CoinMarketCap, 2025). This surge was accompanied by a noticeable increase in trading volume, with BTC/USD trading volume spiking to 23,450 BTC within the same period, up from the previous day's average of 18,500 BTC (TradingView, 2025). Additionally, the BTC/ETH trading pair saw a similar uptick, with the price of BTC in ETH terms increasing from 14.2 ETH to 14.5 ETH between 10:00 AM and 11:30 AM EST (Coinbase, 2025). On-chain metrics further corroborated this bullish sentiment, as the number of active addresses on the Bitcoin network rose by 10% to 950,000 within the same timeframe (Glassnode, 2025). This event not only influenced Bitcoin but also had ripple effects on other major cryptocurrencies like Ethereum (ETH), which saw its price rise by 2.1% to $3,980 during the same period (CoinGecko, 2025).

The immediate market reaction to Saylor's announcement suggests a strong bullish sentiment among traders, particularly in the Bitcoin market. The price surge and increased trading volume indicate a potential shift in investor confidence, possibly driven by the prospect of clearer regulatory frameworks for digital assets in the U.S. (Bloomberg, 2025). The BTC/USD pair's trading volume increase to 23,450 BTC from 18,500 BTC the previous day highlights heightened market activity, suggesting that traders are actively responding to the news (TradingView, 2025). Furthermore, the BTC/ETH pair's price increase from 14.2 ETH to 14.5 ETH between 10:00 AM and 11:30 AM EST indicates a similar bullish trend across major trading pairs (Coinbase, 2025). On-chain metrics also support this narrative, with the number of active Bitcoin addresses jumping by 10% to 950,000, suggesting increased network activity and potential accumulation by investors (Glassnode, 2025). This event's impact extended beyond Bitcoin, as Ethereum also saw a price increase of 2.1% to $3,980, suggesting a broader market sentiment shift towards digital assets (CoinGecko, 2025).

Technical analysis of Bitcoin's price movement following Saylor's announcement reveals several key indicators. The Relative Strength Index (RSI) for BTC/USD rose from 62 to 68 between 10:00 AM and 11:30 AM EST, indicating increasing momentum and potential overbought conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line at 11:00 AM EST, suggesting further upward momentum (Coinbase, 2025). Trading volume for BTC/USD reached 23,450 BTC during this period, a significant increase from the previous day's average of 18,500 BTC, indicating strong market interest (TradingView, 2025). The BTC/ETH pair's volume also increased, with 1,200 ETH traded in the same timeframe, up from the previous day's average of 900 ETH (Coinbase, 2025). On-chain metrics further confirm this bullish trend, as the number of active Bitcoin addresses rose by 10% to 950,000 between 10:00 AM and 11:30 AM EST, suggesting heightened network activity and potential accumulation (Glassnode, 2025). Ethereum's price increase of 2.1% to $3,980 during the same period indicates a broader market sentiment shift towards digital assets (CoinGecko, 2025).