On February 25th, just before Trump’s State of the Union address, Bitcoin’s price briefly surged from around $64,000 to nearly $66,000, sparking discussions about policy-driven market expectations. Although the short-term rebound boosted some crypto market sentiment, well-known gold supporter Peter Schiff expressed clear skepticism about this rally, believing it is more likely driven by speculative funds positioning ahead of policy speeches rather than genuine demand improvement.
Peter Schiff posted on social media that traders may be betting on Trump mentioning Bitcoin in his speech, thus buying in advance to create upward momentum. He emphasized that if the speech does not mention cryptocurrencies, market sentiment could decline; even if it does, there is a possibility of “profit-taking once the positive news is priced in.” Such expectation-driven volatility is common in macro event cycles, often accompanied by high fluctuations and short-term capital battles.
Looking at the data, Bitcoin is currently around $64,900, with intraday gains of about 3% to 4%. However, the weekly and monthly charts remain in a downtrend, indicating that the medium-term trend has not fully recovered. The market is also watching the key psychological level of $65,000; if it falls below, short-term bullish momentum could further weaken.
Peter Schiff has previously warned multiple times that Bitcoin may face a deep correction and reiterated his skepticism of the “digital gold” narrative, arguing that investors should not replace traditional safe-haven assets with it. Meanwhile, macro uncertainties and policy expectations continue to influence crypto market volatility, making event-driven moves more likely to amplify short-term price swings.
It is worth noting that the content of this State of the Union address mainly focused on economic issues and did not explicitly mention Bitcoin or the crypto industry, which has somewhat cooled the optimism among some traders. In the short term, the market will closely monitor policy signals, capital flows, and key support levels to determine whether Bitcoin’s rise is a temporary rebound or a technical correction following an event-driven surge.
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
Bitcoin Treasury Company Strategy Split: Nakamoto Holdings Cuts Its Position to Take Profit, Strategy Holdings Remain Unchanged
On April 3, under market pressure, Bitcoin Treasury Company adopted different strategies: Nakamoto Holdings sold 284 bitcoins to adjust its balance sheet, while Strategy kept 762,000 BTC untouched. New Hampshire plans to issue Bitcoin-backed municipal bonds, expected to raise $100 million. CoinShares merged with Vine Hill Capital and listed on Nasdaq.
GateNews28m ago
In the past 24 hours, liquidations across the entire network totaled $136 million, with both longs and shorts getting squeezed.
According to CoinGlass data, on April 3 the total crypto market liquidation amount within 24 hours reached $136 million, affecting 91,285 people. Of this, BTC and ETH liquidations were $33.7147 million and $23.7248 million respectively, and the largest single liquidation was $8.9259 million.
GateNews42m ago
Schwab Wealth Management launches cryptocurrency trading services, initially supporting BTC and ETH
Charles Schwab will launch a cryptocurrency trading service called “Schwab Crypto” on its investment platform on April 3, initially supporting trading in Bitcoin and Ethereum and covering most states in the United States. The service has been developed by its subsidiary. Charles Schwab has previously offered related ETF products and supported trading on the EDX Markets exchange.
GateNews1h ago
