On February 25, U.S. President Trump delivered a nearly two-hour State of the Union address, setting a record for the longest in history. Although the speech covered core topics such as taxation, artificial intelligence, tariffs, and inflation, it completely omitted any mention of cryptocurrency policies or digital asset regulation. This stance was interpreted by the market as a lack of clear policy catalysts for the short-term crypto industry. Despite his children, Donald Trump Jr. and Eric Trump, being deeply involved in crypto projects like World Liberty Financial, digital assets have not entered the official policy narrative.
On the macro level, Trump defended tariff policies and expressed dissatisfaction with related Supreme Court rulings, while indicating that tariffs would be maintained through other legal channels. However, the repeated adjustments of tariff rates from 10% to 15% have increased trade policy uncertainty. Progress on EU trade agreements has been paused, and India has delayed negotiations, leading to a rise in global macro risk premiums, which directly impacts risk asset pricing logic.
Inflation remains a key market focus. Trump predicted that core inflation would fall to 1.7% by the end of 2025, but the Federal Reserve’s preferred core PCE remains around 3%, well above the 2% target. Amid persistent inflation and tariff disruptions, market expectations for the Fed’s rate cuts in 2026 have cooled, with a higher probability of long-term interest rates remaining elevated. This ongoing pressure suppresses Bitcoin prices, crypto market liquidity, and risk asset valuations.
Notably, artificial intelligence was singled out as a policy priority. Trump proposed a “user protection commitment,” requiring tech companies to build their own power facilities for data centers and emphasizing that the power grid cannot support the growing AI computing demands. Additionally, Melania Trump’s push for AI legislation was highlighted, indicating a clear policy shift toward AI industry support rather than blockchain and digital asset regulation.
From a market structure perspective, the absence of rate cut signals in the State of the Union, combined with the lack of crypto policy, suggests that in the short term, the crypto market will rely more on macro liquidity rather than policy incentives. The high interest rate environment, tariff uncertainties, and regulatory focus shifting toward AI could prolong crypto asset volatility and increase institutional sensitivity to macro data and Federal Reserve policy paths.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC 15-minute rise of 0.49%: ETF fund net inflows and short squeeze liquidations drive gains together
During the period from 2026-03-22 22:15 to 22:30 (UTC), BTC experienced significant volatility within a short-term range, with the 15-minute candlestick recording a +0.49% gain and closing at 68371.1 USDT. The low touched 67861.4 USDT, with an overall amplitude of 0.75%. Short-term market activity was active, market attention increased, trading volume expanded noticeably compared to the previous period, and active capital flows drove this wave of volatility.
The main driver of this volatility was continuous inflows into US spot ETFs, as well as BTC net outflows at the exchange level. Specifically, according on-chain data shows,
GateNews11m ago
SEC: Shiba Inu (SHIB) Not Security, Ripple's Chris Larsen Injects 261 Million XRP Into $1 Billion Evernorth, BTC Price Reacts to Fed's Decision — Top Weekly Crypto News - U.Today
XRP-based institutional giant to hit $1 billion
SEC clears SHIB regulatory status
Bitcoin reacts to Fed's latest rate decision
XRP's rising support forms near $1.53
XRP-based institutional giant to hit $1 billion
New SEC S-4 filing reveals SBI Holdings paid $10/share as Ripple's Chris
UToday29m ago
Bitcoin at $68K triggers nearly $400M in crypto liquidations.
Bitcoin (BTC) traded just below the $69,000 mark as traders braced for a pivotal weekly candle close, with prices hovering near the long-term line around $68,300. After a weekend slide, the setup underscores a tug-of-war between a fragile near-term outlook and the possibility of a contrarian move, e
CryptoBreaking58m ago
Bitcoin Options Signal Fear Amid Subdued BTC ETF Outflows
Bitcoin traded in a narrow range near $70,000 on Friday after a stumble to reclaim the $75,000 level earlier in the week. The back-to-back sessions of net outflows from U.S.-listed spot Bitcoin ETFs cooled a recent run of inflows, prompting traders to reassess whether institutions are turning more c
CryptoBreaking1h ago
BTC Drops 0.58% in 15 Minutes: Tight Liquidity and Institutional Hedging Create Downward Pressure
2026-03-22 21:00 to 21:15 (UTC), BTC recorded a -0.58% return within just 15 minutes, with prices fluctuating in the range of 67562.1 to 68223.5 USDT, with an amplitude of 0.97%. During this period, market sentiment was highly tense, overall attention increased, and short-term volatility accelerated noticeably.
The main driving force behind this anomaly was the resonance formed by spot market liquidity shortage and medium-sized funds accelerating their exit. On-chain data shows a significant net outflow of -371.99 BTC in the $100k-$1M transaction range, driving selling
GateNews1h ago
