Trump's "market rescue": A look at this week's most关注的 "macro big events" and "US currency"
This week may be the most critical week affecting the post-cryptocurrency market.Author: flowie, ChainCatcher
It’s still Trump. After a continuous waterfall decline, Trump's crypto commitment has turned the market around.
Last night, Trump posted on social media, stating that he instructed the presidential task force to advance a cryptocurrency strategic reserve that includes XRP, SOL, and ADA. He later added that BTC and ETH are also included, leading to a surge in the mentioned tokens.
As of the time of writing, according to Binance market data:
- BTC has risen from below $70,000 to break through $95,000, currently reported at $92,600, with a 24-hour increase of 7.82%.
- ETH has risen from below $2,200 to break through $2,550, currently reported at $2,434, with a 24-hour increase of 39%.
- SOL has risen from around $140 to nearly $180, currently reported at $169, with a 24-hour increase of 11%.
- XRP has risen from around $2 to nearly $3, currently reported at $2.79, with a 24-hour increase of 23.94%.
- ADA has risen from around $0.65 to break through $1.70, currently reported at $1.07, with a 24-hour increase of 59.60%.
According to Coingecko data, the total market capitalization of cryptocurrencies has also returned to $3 trillion, currently reported at $3.22 trillion, with an 8% increase in the past 24 hours.
The sudden reversal has caught many contract users off guard. In the past 12 hours, the total liquidation amount has exceeded $770 million, with short positions being the main contributor, amounting to $520 million, while long positions accounted for $253 million.
Next, the cryptocurrency market is entering the most critical week. Several macro data points that influence market direction, as well as the first White House crypto summit hosted by Trump, will be released or take place this week.
How will the macro big week and the White House crypto summit affect the market?
This week, there are significant macro data and major events affecting the crypto market almost every day.
Particularly noteworthy is this Friday, when Trump will host a cryptocurrency summit at the White House. Additionally, unemployment rates and non-farm payroll data will also be released on the same day.
This is Trump's first time hosting a crypto summit at the White House, which will gather well-known founders, CEOs, and investors from the cryptocurrency industry, as well as members of the presidential digital asset task force, to discuss regulatory policies, stablecoin regulation, and the potential role of Bitcoin in the U.S. financial system.
Trump and every move at the summit are expected to bring significant volatility to the crypto market.
Macro-focused crypto KOL @Phyrex_Ni predicts that Trump will likely address the issue of cryptocurrency strategic reserves at the summit, with BTC being the main focus, possibly including ETH, but "American" SOL, ADA, and XRP may not necessarily be mentioned. Additionally, stablecoins will definitely be a part of the summit.
Currently, there is no clear list of the crypto founders, CEOs, and investors attending.
The list of sponsors for Trump's inauguration and crypto ball may provide some references, including: TRON, Ripple, Anchorage, Kraken, Sui, MetaMask, Galaxy, Ondo (ONDO), Solana, Etoro, Uniswap, and publicly listed crypto companies like Coinbase, MicroStrategy, Marathon Digital, Nano Labs, Exodus, Metaplanet, etc.
Recommended reading: “Exclusive Reveal of the Presidential Inauguration Crypto Ball - Political and Industry Bigwigs Gather, Core Influencers in the Crypto World Begin to Emerge”
In addition to the crypto summit on Friday, Trump is also invited to Congress on Tuesday to deliver his first speech during his term, which will be his first formal address to Congress in his second term, and whether he will mention cryptocurrencies is also worth watching.
Moreover, several Federal Reserve officials, including Chairman Powell, FOMC voting members, St. Louis Fed President Bullard, and New York Fed President Williams, will also give public speeches this week, and the Fed will release its Beige Book on economic conditions, which investors need to pay close attention to.
On Tuesday, the U.S. plan to impose tariffs on Mexico and Canada will also officially take effect, but the specific tariff levels have not yet been finalized. Earlier in early February, the preliminary announcement of the tariff plan caused a significant drop in the crypto market, falling below the $100,000 mark.
In terms of macro data, non-farm payroll data, and the ISM report on manufacturing and service sector activity for February will also reflect and influence market sentiment.
According to Jin10 data analysis, non-farm payroll data may be a key indicator affecting the direction of U.S. interest rates. Economists estimate that the U.S. economy added 133,000 jobs in February, down from 143,000 in January; the unemployment rate is expected to remain unchanged at 4%, while average hourly wages are expected to increase by 0.3% month-on-month, down from 0.5% in January.
The non-farm data and the crypto summit will be revealed around the same time, which is expected to bring significant volatility to the crypto market.
Will "American Coins" Become the Mainstream Investment Again?
Despite the market showing some bearish sentiment towards Trump's "call to save the market," "American Coins" may once again become the mainstream investment.
Binance founder Changpeng Zhao (CZ) also posted early this morning, stating that the market is clearly dominated by "U.S. crypto assets" (US Coins).
"American Coins" can be roughly understood as crypto projects initiated by Americans in the U.S. with a certain trading history.
In addition to the BTC, ETH, XRP, SOL, and ADA that Trump has explicitly mentioned, other "American Coins" identified by crypto community users are also worth noting, such as UNI, DOGE, LINK, AVAX, XLM, SUI, HBRA, LTC, NEAR, AAVE, APT, ONDO, ALGO, RENDER, FIL, etc. Recommended reading: “After Bitcoin Hits 100k, What Coins to Buy? ------ Buy American Coins”
(Original contributions are welcome, please contact for accurate source attribution)
Additionally, Trump family-related coins, new government concept coins, and U.S. capital coins can also be focused on. (This is just a summary of related concept coins, not investment advice)
Trump Family: TRUMP official meme, DeFi project World Liberty Financial token WLFI, and purchased tokens such as ONDO, ENA, ETH, LINK, AAVE, etc.
New Government Concept Coins: Elon Musk-related concept Dogecoin DOGE, meme coin Department Of Government Efficiency (DOGE) sharing the same abbreviation as the government efficiency department, PNUT; AI and crypto director at the White House David Sacks-related concepts DYDX, HNS, ZRX; new SEC chairman Paul Atkins-related concepts RSR.
U.S. Capital Coins: ChainCatcher has previously listed token projects associated with traditional asset management firms like BlackRock, mainly including Ondo, CRV, ENA, LINK, XLM, VELO, SUI, APT, Avax, PUFFER, etc. Additionally, Grayscale holdings and tokens selected by the Coinbase 50 index are also worth noting.
