David Sacks, the newly appointed artificial intelligence of the United States and the crypto Tsar, will hold the first press conference on Tuesday, February 4, where America will discuss the leadership role about crypto currencies. This development and Trump moves led to a strong recovery in the crypto market after a major decline on Monday.
Crypto coins recover strongly
Bitcoin managed to exceed 102,000 dollars with an increase of 7 %, pioneering recovering in the crypto market. The BTC fell to $ 90,000 due to the volatility of Trump’s trade wars, while in a short period of time, it began to be traded over $ 100,000 again.
This recovery coincided with the press conference of David Sacks, who will address America’s leadership. In particular, US investors created strong procurement pressure with this development. According to Cryptoquant data, Coinbase Premium GAP (an indicator reflecting the price difference between Coinbase and other exchanges) reached its highest level for 2025. This increase shows that American -based investors’ demand for Bitcoin has increased and that the momentum in BTC price can be strengthened.
There is a strong return in subcoins
The leading subcoins are also strongly recovering. Ethereum (ETH) exceeded $ 2,800 with an increase of over 12 %in the last 24 hours. Ripple’s XRP, Dogecoin (Dogge) and Cardano (island) increased by more than 20 %by gaining a significant portion of the values they lost last week. Donald Trump’s preparation for the establishment of a new Sovereign Wealth Fund (Public Asset Fund) has made crypto market analysts hope. “I think it’s a great time to get ETH, Ec Trump’s son Eric Trump said in an X sharing today.
In addition, the XRP community called for the inclusion of Ripple Token in America’s crypto reserves. Ripple CEO Brad Garlinghouse said that a reserve basket of crypto assets instead of only Bitcoin would make more sense. Market analysts, based on examples of 2017 and 2021 historically, optimistic that the Altcoin season can start at any time and lead to a large bull run.
What is expected at the press conference?
David Sacks, Donald Trump’s artificial intelligence and crypto Czar, will be held on February 4th at a press conference, the United States will describe the future leadership role in the field of crypto assets. At the press conference, Sacks will detail the White House’s strategic approach to crypto assets and the general crypto market. This strategy is expected to cover important areas such as regulatory policies, innovation incentives and national security concerns.
