- Crypto surged after Donald Trump’s speech, with altcoins leading as traders reacted quickly to shifting political and market signals.
- Social data from Santiment shows bullish crypto sentiment hit a four-week high as Bitcoin rebounded near $66,200.
- Investors are rotating into altcoins as volatility rises, while earnings from Nvidia now shape broader risk appetite.
Crypto prices jumped sharply after former U.S. President Donald Trump delivered his State of the Union address, marking the strongest one-day gains this year.
As per Santiment, smaller cryptocurrencies led the rally, with Polkadot surging 23% and Uniswap climbing 19%. Avalanche followed closely with a 17% jump. Meanwhile, Chainlink and NEAR each rose about 15%, while Litecoin added 14%, showing broad-based excitement across the market.
This sudden rally underscores how political events can trigger immediate investor reactions. According to Caroline Mauron, co-founder of Orbit Markets, “The move higher likely reflects some dip-buying behavior after the extended selloff,” adding that Bitcoin reaching $70,000 could reshape the overall narrative.
The modest relief rally coincided with equities rising after Trump defended his economic record. Market participants noted that a Supreme Court decision had recently blocked his use of emergency powers to impose so-called reciprocal tariffs.
Earlier, he cited a different authority to announce 15% global tariffs, which had pressured crypto prices. Despite being viewed as pro-crypto during his White House return, Trump did not mention digital assets in the address.
Consequently, traders now focus on Nvidia’s earnings report, which could sway investor sentiment in the AI-fueled tech sector and ripple through crypto markets.
Social Sentiment Points to Retail Optimism
Santiment highlighted a glimmer of hope for Bitcoin earlier, which rebounded to $66,200 following Trump’s address. Social data across X, Reddit, and Telegram shows the highest bullish-to-bearish commentary ratio in four weeks.
Daniel Reis-Faria, CEO of ZeroStack, noted, “Bitcoin trades inside a broader market system now, so when liquidity tightens, volatility increases.” Additionally, assets generating tangible yield, such as Solana, tend to hold up better than momentum-driven tokens.
However, as Bitcoin stabilized again, positive talk started dominating negative talk in the market. While price movements are still volatile, the common investor started becoming hopeful about Bitcoin reaching $70,000 soon. In addition, there are more investments coming into altcoins, which indicates that investors are becoming hopeful about diversification of investment risks.
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 Whale Inflows Drop, LTHs Accumulate Strongly
Recent data shows Bitcoin whale inflows to exchanges have dropped to below $3 billion, indicating reduced selling pressure. Meanwhile, long-term holders have accumulated $49 billion in Bitcoin, signaling a market transition. This shift suggests potential stability and reduced volatility, although macro factors could still affect prices.
Coinfomania9m ago
U.S.-Iran talks break down, BTC spikes then pulls back—how do geopolitical conflict and macro data affect the crypto market?
The breakdown of the nuclear talks between Iran and the U.S. caused Bitcoin to surge and then pull back, with the situation in the Strait of Hormuz and macroeconomic data becoming the focus. This article will explain the logic behind volatility in the crypto market amid geopolitical conflict and the movement of on-chain capital.
InstantTrends1h ago
The Crypto Fear and Greed Index rose to 16, and market panic sentiment eased slightly
Gate News update: On April 12, according to Alternative Data, today’s Crypto Fear and Greed Index is 16 (15 yesterday), and market panic sentiment has eased slightly. The index runs on a threshold of 0-100 and is calculated from six indicators: volatility (25%), market trading volume (25%), social media buzz (15%), market survey (15%), Bitcoin’s share of the entire market (10%), and Google keyword trend analysis (10%).
GateNews5h ago
Market Overreactions? MicroStrategy Founder: Bitcoin Has Hit Bottom, Quantum Threats Are Overblown Concerns
Michael Saylor asserted that Bitcoin has already completed a bottoming process when it reached $60k, and he believes concerns about threats from quantum computers are overstated. He predicts that in the future, Bitcoin will become the core of a digital credit system, and he noted that the market’s selling pressure is limited, which could help drive a new bull market. Mizuho also gave a positive assessment of the company’s future performance.
CryptoCity6h ago
BTC 15-minute drop of 0.45%: Aggressive sell-side orders lead, layered with weakening liquidity at the margin, amplifying volatility
2026-04-11 23:00 to 2026-04-11 23:15（UTC）, BTC’s return over 15 minutes was -0.45%, and the price fluctuated within the range of 72907.4 to 73370.7 USDT, with a swing amplitude of 0.63%. During this period, market activity remains at a high level, but the price anomaly has drawn investors’ short-term attention. Overall trading sentiment is slightly cautious, and volatility is marginally higher than usual.
The main driver behind this anomaly is that active sell orders have a slight advantage, causing a short-term downward adjustment in price. Combined with a modest increase in trading volume for major trading pairs and spot
GateNews7h ago
Market in Excessive Panic? MicroStrategy Founder: Bitcoin Has Bottomed, Quantum Threats Are Overblown Worry
Michael Saylor asserts that Bitcoin has finished bottoming out when it hit $60k, and he believes concerns about threats from quantum computers are overblown. He predicts that in the future, Bitcoin will become the core of a digital credit system, and he notes that there is limited selling pressure in the market, which could help drive a new bull run. Mizuho also has a positive assessment of the company’s future performance.
CryptoCity9h ago
