The crypto market is finally showing some signs of recovery, with Bitcoin (BTC) reclaiming the $103,000 mark. Most other crypto assets are also trading in the green zone today. Trump Coin (Official Trump/TRUMP), in particular, is registering massive gains, with a double-digit rally in the daily and 14-day charts. According to CoinGecko data, TRUMP’s price has rallied 12.8% in the last 24 hours, 37.6% in the 14-day charts, and 1.9% over the previous month. However, the coin is still down by 4.1% over the last week. TRUMP is currently the 4th-best performing crypto in the daily charts, following Internet Computer (ICP), Quant (QNT), and Zcash (ZEC).
President Trump’s Pro-Crypto Speech Leads To Coin Rally
The US President provided a pro-crypto speech recently, which has led to TRUMP making such a significant reversal. According to Trump, the crypto industry had been besieged by the former administration. According to him, crypto is no longer besieged and is a big industry. Trump also explained that cryptocurrencies relieve much pressure on the US dollar. He added, also, that “we are turning the United States into a Bitcoin superpower.“
Trump has been very vocal about his support for the crypto industry. He even enables crypto donations for his 2024 Presidential campaign. One of his first executive orders after assuming office was to create a strategic digital asset reserve for the US.
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Trump Coin’s latest price rally could be a result of the President’s recent speech. The rally could also be due to a market-wide rebound. It is possible that we are witnessing a delayed reaction to the recent 25-basis-point interest rate cut. Moreover, many investors are also likely buying the dip and stocking up on crypto assets.
However, the current upswing could be a dead cat bounce. According to CoinCodex analysts, Trump Coin (TRUMP) will dip over the next week. The platform anticipates the asset to fall to $5.71 on Nov. 16, 2025.
