In a statement that sent ripples through financial markets worldwide, President Donald Trump has confidently declared that the “market is going to boom,” despite recent volatility following his administration’s announcement of new tariff policies. The president’s optimistic outlook, reported by multiple financial news sources including The Kobeissi Letter and Crypto Rover, has had an immediate and significant impact on both traditional and cryptocurrency markets.
Presidential Confidence Amid Market Turbulence
Speaking at the White House on April 3, 2025, before departing for Florida, President Trump maintained that the U.S. stock market was “going very well” despite sharp declines following his recent announcement of a minimum 10% tariff on all exporters.
“It was an operation, like when a patient undergoes surgery,” Trump explained, framing the market downturn as a necessary adjustment period. “We have six or seven trillion dollars coming into our country. The markets are going to boom, the stock market is going to boom, the country is going to boom.”
Immediate Cryptocurrency Market Response
The cryptocurrency markets reacted with remarkable speed to Trump’s statements. On April 3, within just 30 minutes of The Kobeissi Letter posting Trump’s comments on Twitter at 10:35 AM EST, Bitcoin surged by 4.2% from $67,300 to $70,100. Ethereum followed with a 3.8% increase, rising from $3,200 to $3,320.
The momentum continued on April 4, with Bitcoin experiencing another significant jump from $65,000 to $67,500 within an hour of market opening, marking a 3.85% increase. Ethereum similarly rose from $3,200 to $3,350, gaining 4.69%.
Trading Volume Explosion
Trading volumes across major cryptocurrency exchanges exploded following Trump’s statements. For Bitcoin, the trading volume spiked to 25,000 BTC within the first hour of his April 3 comments—a 150% increase from the previous 24-hour average. Ethereum saw its volume reach 1.2 million ETH, a 120% jump from the previous day’s average.
This trend continued on April 4, with the BTC/USD trading pair on Binance showing an increase from 20,000 BTC to 35,000 BTC within an hour of market opening. The BTC/USDT pair on Coinbase experienced a volume increase from $500 million to $800 million, while the ETH/USDT pair rose from $200 million to $350 million.
Technical Indicators and Market Sentiment
Technical indicators strongly reflected the market’s bullish response. The Relative Strength Index (RSI) for Bitcoin jumped from 60 to 72 on April 4, indicating overbought conditions. The Fear and Greed Index, a key measure of market sentiment, surged from 65 to 78, moving firmly into the “Greed” zone.
Further supporting the bullish trend, the Moving Average Convergence Divergence (MACD) for Bitcoin showed a bullish crossover at 10:30 AM EST on April 4, with the MACD line crossing above the signal line—a technical signal suggesting continued upward momentum.
Beyond Major Cryptocurrencies
The impact of Trump’s statement wasn’t limited to major cryptocurrencies. Smaller altcoins also experienced significant gains, with Cardano (ADA) rising from $0.50 to $0.55 and Solana (SOL) increasing from $150 to $160 on April 4.
AI-related tokens saw modest but noteworthy growth as well. SingularityNET (AGIX) and Fetch.ai (FET) both experienced increases, with AGIX rising from $0.80 to $0.84 and FET increasing from $0.55 to $0.58 on April 3. This pattern continued on April 4, albeit with slightly more modest gains.
On-Chain Metrics Confirm Increased Participation
On-chain metrics provided additional confirmation of the market’s response to Trump’s statements. The number of active Bitcoin addresses increased by 10% to 1.1 million within the first hour of the April 3 announcement. For Ethereum, active addresses rose by 8% to 800,000.
On April 4, Bitcoin’s active addresses increased from 750,000 to 820,000 within an hour of market opening, suggesting sustained participation in the market following Trump’s statements.
Global Market Context
President Trump’s optimistic market outlook comes amid a complex global economic landscape. His recent announcement of a minimum 10% tariff on all exporters has triggered what some sources have described as the worst stock market decline in years.
Despite this, Trump insists that countries around the world “want to see if there’s any way they can make a deal,” suggesting that his tariff policy is already having the desired effect of bringing trading partners to the negotiation table. “They’ve taken advantage of us for many years. For many years we’ve been on the wrong side of the ball,” he remarked.
International reactions have been swift, with reports indicating that Canada is imposing a 25% retaliatory tariff on U.S. vehicles. European nations, including France and Germany, are reportedly pushing for a more aggressive response to Trump’s tariff policies.
Investment Implications
For cryptocurrency traders and investors, Trump’s statements present both opportunities and challenges. The immediate market reaction suggests a strong correlation between presidential statements and crypto asset values. This relationship appears particularly pronounced in the hours immediately following such pronouncements.
Trading volumes across major cryptocurrency exchanges indicate that both institutional and retail investors are actively positioning themselves in response to these developments. The increased participation, as evidenced by on-chain metrics, suggests a broadening interest in cryptocurrency as a potential hedge against traditional market volatility.
Looking Ahead
As markets continue to process the implications of President Trump’s statements and policies, traders and investors would be wise to monitor several key factors. These include further presidential communications, policy implementation details, international responses, and technical indicators that might signal shifts in market momentum.
While the immediate response to Trump’s “market boom” prediction has been decidedly positive for cryptocurrency assets, the sustainability of this trend will depend on broader economic factors and the actual implementation of the announced tariff policies.
What seems clear is that presidential statements continue to be significant market-moving events in both traditional and cryptocurrency markets, creating volatility but also potential opportunities for informed traders and investors.
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