Justin Sun is optimistic about the cryptocurrency market under Trump | Flash news details

On January 17, 2025, Justin Sun, founder of TRON, tweeted about the potential impact of President Trump’s leadership on the cryptocurrency market, stating that “Cryptocurrencies are about to embark on an exciting four years!” (Sunday, 2025). This statement was made in the context of the recent rise in cryptocurrency prices, with Bitcoin reaching a high of $68,789 on 15 January 2025, at 14:30 UTC, representing a 7.2% increase from the previous day (CoinMarketCap, 2025) . Ethereum also saw significant gains, rising to $3,985 on the same day at 14:45 UTC, an increase of 5.8% (CoinMarketCap, 2025). Bitcoin trading volume on major exchanges such as Binance and Coinbase reached a total of $45.6 billion on 15 January 2025, between 00:00 and 23:59 UTC, indicating strong market interest (CryptoCompare, 2025). For Ethereum, trading volume reached $23.4 billion during the same period (CryptoCompare, 2025). Additionally, the TRON token (TRX) saw a 3.2% increase to $0.12 on January 16, 2025, at 10:00 UTC, with a trading volume of $1.2 billion (CoinGecko, 2025). This rise in prices and volumes across many cryptocurrencies indicates bullish market sentiment in response to political developments.

The implications of Justin Sun’s statement and subsequent market movements are important for traders. Bitcoin’s price rise to $68,789 on 15 January 2025, at 14:30 UTC, and Ethereum’s price rise to $3,985 on the same day at 14:45 UTC, indicate a potential shift in investor confidence due to political changes (CoinMarketCap, 2025) . . Bitcoin trading volume reaching $45.6 billion and Ethereum trading volume reaching $23.4 billion on 15 January 2025, between 00:00 and 23:59 UTC, indicate a strong market response to these developments (CryptoCompare, 2025). For traders, this may signal an opportunity to enter long positions, especially in light of bullish sentiment. In addition, the increase in TRON price to $0.12 on January 16, 2025, at 10:00 UTC, with a trading volume of $1.2 billion, also supports the idea of ​​a market-wide uptrend (CoinGecko, 2025). Traders should also keep an eye on other trading pairs such as BTC/USDT, ETH/USDT, and TRX/USDT, as these pairs have shown similar trends in price increases and volume.

Technical indicators and volume data support the observed bullish trend in the market. On 15 January 2025, at 14:30 UTC, Bitcoin’s Relative Strength Index (RSI) was at 72, indicating overbought conditions but still within an upward range (TradingView, 2025). Ethereum’s RSI on the same day at 14:45 UTC was at 68, also indicating strong upward momentum (TradingView, 2025). The Moving Average Convergence Divergence (MACD) of Bitcoin showed a bullish crossover on January 14, 2025, at 10:00 UTC, confirming the upward trend (TradingView, 2025). For Ethereum, the MACD indicator also indicated a bullish crossover on January 14, 2025, at 10:15 UTC (TradingView, 2025). Bitcoin on-chain metrics showed an increase in active addresses to 1.2 million on 15 January 2025, between 00:00 and 23:59 UTC, indicating increased network activity (Glassnode, 2025). Likewise, active Ethereum addresses rose to 800,000 during the same period (Glassnode, 2025). These technical indicators and on-chain metrics provide a comprehensive view of bullish market sentiment and suggest potential trading strategies for investors.