Trump's Statement Fuels Bitcoin, Ethereum Price Surges

On February 8, 2025, President Donald Trump expressed his desire to be seen as a peacemaker, a statement that positively impacted the cryptocurrency market, with Bitcoin and Ethereum both experiencing price increases shortly after his address. Bitcoin jumped 2.3% to $46,025, while Ethereum rose 1.8% to $3,200, signaling increased investor confidence. The trading volume for both cryptocurrencies surged significantly, indicating a heightened market activity following Trump's remarks. Additionally, on-chain metrics revealed an uptick in active addresses for both Bitcoin and Ethereum, further reflecting this positive sentiment. Meanwhile, the European Union is preparing for potential trade repercussions as Trump threatens tariffs on European goods, prompting discussions on targeted responses to avoid a trade war. EU officials have indicated readiness to negotiate but are also prepared to retaliate if necessary, highlighting ongoing tensions between the U.S. and Europe.