Bitcoin Expected to Rebound Within a Day After Trump Declares ‘End of Inflation’

▲ Donald Trump, Bitcoin (BTC) / ChatGPT-generated image

Bitcoin (BTC) rebounded to reclaim the $65,000 level, supported by growing market optimism ahead of President Donald Trump’s state of the nation address and Nvidia’s earnings announcement.

According to crypto-focused media outlet Decrypt on February 24 (local time), Bitcoin showed short-term upward momentum as risk appetite expanded alongside economic messaging from the U.S. administration. Just before the speech, Bitcoin surged more than $2,000 from $64,000 to $66,000 and is currently trading around $65,500 after a slight pullback. This marks a roughly 3.5% increase from the previous day, signaling that the market, which had been dampened by tariff policies and judicial risks last week, is entering a recovery phase.

In his speech, President Trump described the past year since his return as a generational turning point, emphasizing that the nation has become wealthier and stronger. He highlighted that inflation has fallen sharply and incomes are rising rapidly, noting that core inflation has declined 1.7% over the past three months to its lowest level in five years. He also pointed to the stock market’s performance, stating that it has reached record highs 53 times since the election and that the Dow Jones Industrial Average surpassed the 50,000 mark four years ahead of schedule.

Market experts analyzed that Bitcoin’s recent rally was driven more by expectations surrounding Nvidia’s quarterly earnings and broader risk-on sentiment than by the president’s speech itself. Derek Lim, head of research at digital asset market maker Caladan, assessed that the rebound was influenced more by market positioning related to Nvidia’s results than by Trump’s remarks. In particular, Asian stock markets rose on optimism over Nvidia’s earnings, providing upward momentum for Bitcoin prices.

However, some observers caution that persistent macroeconomic headwinds make it premature to conclude that Bitcoin has entered a full recovery. The cryptocurrency remains about 50% below its all-time high of $126,080 recorded in October 2025, and digital asset investment products have seen five consecutive weeks of outflows, indicating that investor sentiment has not fully recovered. Some analysts warn that Bitcoin is walking a tightrope between a potential drop to $55,000 and a rebound toward $84,000.

During the address, President Trump reaffirmed his strong commitment to tariff policies, arguing that tariffs generate hundreds of billions of dollars in revenue and contribute to the national economy and security. While criticizing a recent Supreme Court ruling that limited the president’s broad authority to impose tariffs as an unfortunate decision, he stated that he would maintain the tariff policy through legally reviewed alternative measures. These policy directions, along with upcoming corporate earnings announcements, are expected to be key variables shaping the trajectory of risk assets, including Bitcoin.

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