“Bitcoin will become a national strategic asset,” Donald Trump announced in his speech, causing a significant rise in cryptocurrency prices. Bitcoin (BTC) reached $69,500, approaching $70,000 for the first time since early June. Trump also expressed his intention to dismiss the current SEC Chairman Gary Gensler and establish a strategic bitcoin reserve, emphasizing that this asset could become the new “gold standard.”

At the same time, Bitcoin Cash (BCH) showed more than a 10% increase, despite analysts’ concerns that the token would suffer due to the distribution of Mt. Gox assets. These concerns proved unfounded, and BCH outperformed the CoinDesk 20 index, which rose by 3.6%. The memecoin BRETT on the Base blockchain also showed significant growth, increasing by 11% over the past 24 hours.

However, tokens associated with Trump’s name, such as MAGA (TRUMP) and TREMP, showed negative dynamics. MAGA decreased by 6% over the day and 18% over the week, while TREMP fell by 0.3% over the past 24 hours and 10% over the week. Thus, despite positive news for Bitcoin and some other cryptocurrencies, the market’s reaction to Trump tokens was negative.