{"id":53085,"date":"2025-02-24T04:05:35","date_gmt":"2025-02-24T04:05:35","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=53085"},"modified":"2025-02-24T04:05:37","modified_gmt":"2025-02-24T04:05:37","slug":"trump-declares-end-to-bidens-crypto-war-pledges-us-bitcoin-dominance","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=53085","title":{"rendered":"Trump Declares End to Biden\u2019s Crypto War, Pledges US Bitcoin Dominance"},"content":{"rendered":"

President Donald Trump announced the end of the Biden administration\u2019s \u201cwar on bitcoin and crypto\u201d during a speech this week at Miami\u2019s FII Priority Summit, vowing to solidify the U.S. as the world\u2019s undisputed leader in digital currency innovation.<\/strong><\/p>\n

\u2018America Will Be the Crypto Capital,\u2019 Trump Says at Summit<\/h2>\n

Trump\u00a0declared\u00a0an end to what he termed the Biden administration\u2019s \u201cwar on bitcoin and crypto\u201d during a keynote address at Saudi-backed Miami\u2019s FII Priority Summit this week, positioning his administration as a catalyst for U.S. dominance in\u00a0digital currencies. The\u00a047th president\u00a0highlighted\u00a0his commitment\u00a0to making America the \u201ccrypto capital\u201d of the world, citing bitcoin\u2019s recent all-time highs as evidence of market confidence in his economic agenda.<\/p>\n

Speaking to global business leaders and foreign dignitaries, Trump linked economic growth to broader revitalization. \u201cSince the [November] election, America\u2019s economic engines have come roaring back to life in just a very short period of time,\u201d he said, highlighting a nearly 10% surge in the Nasdaq and bitcoin\u2019s \u201cmultiple all-time record highs.\u201d He praised\u00a0Miami\u00a0as the \u201ccenter of the action\u201d for crypto innovation and hinted at deregulatory measures to attract blockchain investments.<\/p>\n

Trump also spotlighted his newly established Department of Government Efficiency (DOGE), a cost-cutting initiative spearheaded by\u00a0Elon Musk. The department aims to eliminate \u201cwasteful spending,\u201d with Trump proposing to redirect 20% of savings to taxpayers and debt reduction. \u201cWe\u2019re saving billions every single day,\u201d Trump claimed, crediting Musk\u2019s \u201chigh IQ\u201d and tech expertise for ensuring transparency. While short on specifics, Trump tied DOGE\u2019s mission to fostering a pro-business climate for crypto expansion.<\/p>\n

The president sharply criticized\u00a0Biden-era policies, blaming \u201ccrushing regulations\u201d and \u201crampant inflation\u201d for stifling innovation. He contrasted this with his administration\u2019s hiring freezes and foreign aid pauses, framing them as foundational to a \u201cGolden Age of American prosperity.\u201d Trump also lambasted international aid programs, citing examples as misplaced priorities now being redirected toward domestic initiatives.<\/p>\n

Trump\u2019s pro-crypto rhetoric drew applause from attendees, including Saudi officials and tech executives. He closed by reiterating his pledge to keep the U.S. at the \u201cforefront of everything,\u201d and \u201cone of them is crypto.\u201d<\/p>\n

\n
\n

\ud83d\udea8JUST IN: President Trump (@POTUS) says he ended Biden\u2019s war against crypto. He also said his administration is \u201ccommitted to making America the crypto capital.\u201d\u00a0pic.twitter.com\/R9J73m6zCi<\/p>\n

\u2014 Bitcoin.com News (@BTCTN)\u00a0February 20, 2025<\/p>\n<\/blockquote>\n<\/div>\n

In the past 24 hours,\u00a0Bitcoin [BTC]\u00a0experienced notable volatility. Short-Term Holders (STHs) realized substantial losses, likely driven by panic-selling following the Bybit hack news.<\/p>\n

Also, over the past 16 hours, BTC\u2019s 4-hour chart on Binance showed significant bearish indicators.<\/p>\n

The Exponential Moving Average (EMA) cross displayed a bearish crossover, with the 9-period EMA dropping below the 26-period EMA around hour 14, signaling short-term downward momentum.<\/p>\n

This aligned with BTC\u2019s price decline to $96,259.9, marking a -0.12% drop from the previous period.<\/p>\n

\"\"<\/p>\n

Source: CoinGlass<\/p>\n<\/div>\n

The Relative Strength Index (RSI) stood at 46.05, reflecting a neutral but slightly bearish outlook.<\/p>\n

This RSI level suggested that BTC remained in a consolidation phase, with no clear overbought or oversold conditions.\u00a0If it rebounds above 50, bullish sentiment might return, supporting price recovery.<\/p>\n

Also, the Cumulative Volume Delta (CVD) showed a net volume delta of -94.67K, reflecting strong selling pressure in the last 8 hours.<\/p>\n

These signals collectively pointed to capitulation, where STHs offloaded BTC, potentially forming a short-term local bottom as selling pressure diminished.<\/p>\n

Panic selling peaks: What is the turning point?<\/h2>\n

The Short-Term Holder Profit & Loss (P&L) to Exchanges Sum chart for the last 24 hours also highlighted significant losses among STHs.<\/p>\n

The dominance of red bars, peaking at -43.9K BTC, indicated heavy panic-selling around $90K to $95K following the Bybit hack news.<\/p>\n

\"\"<\/p>\n

Source: CryptoQuant<\/p>\n<\/div>\n

The STH profit line remained minimal, reinforcing the idea that few short-term traders saw gains. Similar trends occurred in early 2022, where high realized losses preceded short-term price recoveries.<\/p>\n

This data suggested a potential local bottom, as distressed selling often exhausts downward momentum, creating a possible buying window for traders.<\/p>\n

BTC\u2019s liquidity shift<\/h2>\n

Analysis of the 90-Day Active Supply chart for BTC, covering 2012 to 2025, reflected a notable decline in recent months. As of early 2025, active supply hovered around 4M BTC, down from 6M BTC in late 2024.<\/p>\n

\"Bitcoin\"<\/p>\n

Source: Alphractal<\/p>\n<\/div>\n

This metric, indicated a decline in trading activity. Normally, rising active supply suggests higher demand and bullish sentiment, while declines signal distribution and reduced interest.<\/p>\n

The current trend implied STHs had largely exited, potentially reducing selling pressure.<\/p>\n

This pattern mirrored 2018, when declining active supply preceded price stabilization, supporting the capitulation hypothesis and reinforcing short-term bottom formation.<\/p>\n

A sign of strength or further decline?<\/h2>\n

Deep analysis showed that BTC netflow chart for aggregated exchanges over the last three months revealed a sharp net outflow of -546.11 BTC in the past 24 hours.<\/p>\n

This was a significant reversal from the previous week\u2019s +226.57 BTC average inflows, and the 30-day average of +1.29K BTC inflows.<\/p>\n

\"\"<\/p>\n

Source: IntoTheBlock<\/p>\n<\/div>\n

A sudden negative netflow typically indicates that holders are withdrawing BTC to off-exchange wallets, suggesting reduced selling pressure.<\/p>\n

This pattern resembled mid-2021, when large BTC outflows preceded price rebounds. Additionally, the 24-hour netflow change of +269.71 BTC suggested renewed buying interest.<\/p>\n

In conclusion, Capitulation events, such as heavy short-term holder losses and declining exchange netflows, historically precede short-term recoveries.<\/p>\n

While short-term volatility remains, long-term indicators suggest a potential shift toward recovery as selling pressure subsides.<\/p>\n

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President Donald Trump announced the end of the Biden administration\u2019s \u201cwar on bitcoin and crypto\u201d during a speech this week at Miami\u2019s FII Priority Summit, vowing to solidify the U.S. as the world\u2019s undisputed leader … Trump Declares End to Biden\u2019s Crypto War, Pledges US Bitcoin Dominance<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":53087,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,2127,3812,5652,10,159,97],"class_list":["post-53085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-crypto","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"\nTrump Declares End to Biden\u2019s Crypto War, Pledges US Bitcoin Dominance - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=53085\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Declares End to Biden\u2019s Crypto War, Pledges US Bitcoin Dominance - 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