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President Donald Trump is scheduled to deliver his first joint address to Congress of his second term on Tuesday, March 4, 2025, at 9 p.m. ET. This speech will be broadcast on various television networks and online platforms, including a livestream on the Associated Press website and YouTube.
In recent developments, President Trump announced the creation of a U.S. strategic cryptocurrency reserve, which includes digital assets such as Bitcoin (BTC), Ether (ETH), XRP, Solana (SOL), and Cardano (ADA). This announcement led to a significant surge in cryptocurrency prices; for instance, Bitcoin's price increased by 9% to $93,000, adding $166 billion to its market value. The overall cryptocurrency market capitalization rose by more than $300 billion following the news.
Given this context, President Trump's upcoming address may further impact the cryptocurrency market, especially if he elaborates on the strategic reserve or introduces new policies related to digital assets. Investors and market participants will likely monitor the speech closely for any indications of future government support or regulatory changes affecting the crypto industry. However, it's essential to note that the cryptocurrency market is highly volatile and influenced by various factors; therefore, any potential effects from the address should be considered within this broader context.