Bitcoin Price Hits Record High Following Trump's Economic Address

Bitcoin's price saw a significant jump of over $66,000 following Donald Trump's State of the Union address, where he highlighted the US economy's growth and strong global investment flows.

The surge in Bitcoin's price was largely attributed to traders reacting positively to Trump's comments on economic growth. According to CoinGecko data, investors moved a whopping $52 billion into the market during the speech, lifting activity across major exchanges.

However, despite this significant increase, analysts noted that concerns about weak job data and tech sector losses continued to pressure overall crypto sentiment. The recent Citrini Research report on artificial intelligence disruption also contributed to market volatility.