Bitcoin Surges to $66,000 After Trump's Optimistic State of the Union

Feb 26, 2026, 2:37 AM

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Bitcoin's price surged by 3% to reach $66,000 after US President Donald Trump delivered his longest-ever State of the Union address. In the nearly two-hour speech, Trump praised America's "roaring" economy, which many investors interpreted as a boost for the cryptocurrency market.

During the address, crypto investors reacted positively, funneling approximately $52 billion into cryptocurrencies, according to CoinGecko data. While Trump did not specifically mention cryptocurrencies, he highlighted the broader market's performance, stating, "The stock market has set 53 all-time record highs since the election." He emphasized that global investors have invested $18 trillion into the US economy since his presidency began, reflecting optimistic forecasts from economists.

Despite this surge, Bitcoin's price remains significantly below its all-time high of $126,000 reached in October. The current price of Bitcoin is still 49% lower than its peak, and it has lost some gains since the speech, trading at just over $65,000 at the time of reporting.

The optimism expressed in Trump's address contrasts sharply with recent economic data, which revealed that the US job market experienced its worst January since 2009, with over 100,000 layoffs reported. Analysts have expressed skepticism regarding the cryptocurrency market's ability to maintain a bullish trend, citing multiple factors that continue to weigh on Bitcoin's price, including regulatory uncertainties and a sell-off in the tech sector.

Experts like Aurélie Barthere, a principal research analyst at Nansen, noted that slowing regulatory momentum is adding pressure to Bitcoin's downtrend. The ongoing fears surrounding the disruptive impact of artificial intelligence also contribute to market volatility. A report by Citrini Research warned of a potential "Global Intelligence Crisis" due to AI advancements, which could lead to significant job losses and economic downturns.

The market's reaction to Trump's State of the Union reflects a broader sentiment in the cryptocurrency space, which has been navigating a complex landscape of economic challenges. Bitcoin is currently approaching a five-month losing streak, the worst performance for the cryptocurrency since 2018. Factors like tariff disputes, fears over AI, and regulatory holdups are all contributing to Bitcoin's recent decline.

As Bitcoin's price fluctuates, analysts are divided on the implications of Trump's speech for the crypto market. Some remain cautiously optimistic, suggesting that current corrections may ultimately be beneficial by encouraging a shift towards fundamentals rather than speculative trading.

In conclusion, while the immediate aftermath of Trump's address saw Bitcoin rebound to $66,000, the road ahead is uncertain. The combination of regulatory challenges, economic data, and technological concerns will likely continue to influence the cryptocurrency's trajectory in the coming weeks and months.

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