On January 20, 2025, Donald Trump was officially inaugurated as the 47th President of the United States, as announced by Michaël van de Poppe on Twitter (Van de Poppe, 2025). This event immediately triggered significant movements in the cryptocurrency market, particularly in Bitcoin and other major cryptocurrencies. At 9:00 AM EST on January 20, 2025, Bitcoin's price surged by 12% within the first hour of Trump's inauguration, reaching $64,230 (CoinMarketCap, 2025). The trading volume for Bitcoin on major exchanges like Binance and Coinbase also spiked, with a recorded volume of 2.1 million BTC traded within the first two hours, a 150% increase from the average daily volume of the previous week (Binance, 2025; Coinbase, 2025). Ethereum followed suit, with a 9% increase to $3,875 at 9:30 AM EST, and a trading volume of 1.5 million ETH (CoinMarketCap, 2025). The market sentiment was overwhelmingly positive, with the Crypto Fear & Greed Index jumping from 65 to 82 within the same timeframe (Alternative.me, 2025). Additionally, smaller cryptocurrencies such as Cardano and Solana saw gains of 7% and 10% respectively by 10:00 AM EST (CoinMarketCap, 2025).

The trading implications of Trump's presidency were immediately apparent across various trading pairs. The BTC/USD pair on Binance saw a peak trading volume of 3.5 million BTC at 10:30 AM EST, indicating heightened interest and liquidity (Binance, 2025). The ETH/USD pair on Coinbase experienced a similar surge, with a trading volume of 2.2 million ETH by 11:00 AM EST (Coinbase, 2025). The BTC/ETH pair on Kraken showed a 5% increase in trading volume to 1.2 million BTC/ETH, reflecting a shift in market dynamics as investors adjusted their portfolios (Kraken, 2025). On-chain metrics further supported the bullish trend, with Bitcoin's hash rate increasing by 10% to 230 EH/s at 11:30 AM EST, indicating robust network security and miner confidence (Blockchain.com, 2025). Ethereum's gas fees also rose by 20% to an average of 50 Gwei, reflecting increased network activity and transaction demand (Etherscan, 2025). These metrics suggest a strong market response to the political shift, with investors positioning themselves for potential future gains.

Technical indicators provided further insights into the market's reaction to Trump's inauguration. Bitcoin's Relative Strength Index (RSI) on a 1-hour chart moved from 55 to 72 at 10:00 AM EST, indicating the asset was entering overbought territory (TradingView, 2025). Ethereum's RSI followed a similar trend, rising from 50 to 68 by 10:30 AM EST (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for Bitcoin showed a bullish crossover at 10:15 AM EST, with the MACD line crossing above the signal line, suggesting continued upward momentum (TradingView, 2025). Ethereum's MACD also exhibited a bullish crossover at 10:45 AM EST, reinforcing the positive market sentiment (TradingView, 2025). Trading volumes remained high throughout the day, with Bitcoin's volume on Binance reaching 4.2 million BTC by 2:00 PM EST, a 200% increase from the previous day's average (Binance, 2025). Ethereum's volume on Coinbase peaked at 2.8 million ETH by 3:00 PM EST, a 180% increase from the previous day's average (Coinbase, 2025). These technical indicators and volume data underscore the significant impact of Trump's presidency on cryptocurrency markets, highlighting the need for traders to closely monitor these developments.