BTC has increased by 7%, and altcoins have surged by 20% as the crypto market celebrates the appointment of a crypto administrator, Crypto Czar David Sacks.
David Sacks, the newly appointed AI and crypto Czar of the United States, will be conducting the inaugural press conference on Tuesday, February 4, during which he will address the country’s future leadership in the digital assets sector. Due to the development, the crypto market resumed a robust recovery following a severe collapse on Monday.
The bitcoin price has increased by 7%, regaining the $100K mark. Ethereum (ETH), XRP, Dogecoin (DOGE), and Cardano (ADA) are among the altcoins that have experienced 11-22% recoveries. Furthermore, the market has been further stimulated by reports of a reduction in the severity of Trump’s trade conflicts.
The Recovery of the Crypto Market: BTC, ETH, XRP, and ADA Witness a robust rebound
Bitcoin is the primary driver of the cryptocurrency market’s recovery
Today, Bitcoin is the dominant cryptocurrency in the cryptocurrency market recovery, with a gain of over 7% and a surge to $102,000. In less than 48 hours, BTC has experienced significant volatility due to concerns regarding the potential Trump trade war, with the price plummeting to $90,000 and rebounding above $100,000.
The recent recovery in Bitcoin coincides with the inaugural press conference of crypto chief David Sacks, which will discuss the future of America’s digital asset leadership. This has resulted in substantial purchasing pressure, particularly from investors in the United States.
The Coinbase Premium Gap, a metric that measures the price disparity between Bitcoin on Coinbase and other exchanges, has reached its most significant point in 2025, as per data from CryptoQuant.
This increase in demand for Bitcoin among U.S.-based investors is indicative of a trend that has the potential to generate additional price momentum for BTC.
After a brutal correction, altcoins have recovered the following day
Ethereum (ETH) is the leader in recovering top altcoins, with a surge of over 12% in the last 24 hours, surpassing $2,800. Ripple’s XRP, Dogecoin (DOGE), and Cardano (ADA) have all gained over 20%, regaining a significant amount of the ground they lost over the past week.
As Donald Trump prepares to establish a new Sovereign Wealth Fund, crypto market analysts have become increasingly optimistic about the potential incorporation of Bitcoin and Ethereum. In an X post earlier today, Eric Trump said, “In my opinion, it’s a great time to add ETH,” which sparked additional speculation.
Additionally, the XRP community has been advocating for the inclusion of the Ripple token in the United States’ crypto reserves. According to Brad Garlinghouse, the CEO of Ripple, it would be prudent to keep various digital assets as crypto reserves rather than solely Bitcoin.
Market analysts are optimistic that the altcoin season could commence at any point, potentially resulting in a massive bull run, as evidenced by historical patterns from 2017 and 2021.
What Can We Anticipate from the Conference of Crypto Czar David Sacks?
David Sacks, the AI and crypto chief of Donald Trump, will conduct the inaugural press conference on Tuesday to discuss the future of America’s leadership in digital assets. Additional representatives from the United States Congress will accompany him.
As the announcement states, sacks will discuss the White House’s strategic approach to digital assets and the broader crypto market. This strategy is anticipated to address critical areas, including national security concerns, innovation incentives, and regulatory policies.
The event emphasizes the administration’s dedication to working with legislators to develop policies for the cryptocurrency and blockchain sectors. It also indicates a proactive approach to promoting innovation and development within the industry.
