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With President Donald Trump making no direct mention of Bitcoin in his State of the Union address, the digital-asset market saw short-term volatility.

In the address on the 24th (local time), Trump highlighted achievements on tariff policy, a stance favoring tax cuts, the response to Iran’s nuclear issue, and approval of a $1 trillion defense budget, but made no remarks related to digital assets including Bitcoin. Earlier, expectations had built in the market that he could deliver a related message in the speech, given his pro-crypto posture.

Amid those expectations, Bitcoin (BTC) rebounded to around $66,000 before and after the address. However, as no direct mention emerged, profit-taking selling surfaced and the price slipped back toward $65,000.

The speech included a claim that tariff policy helped drive the Dow Jones Industrial Average above 50,000, along with a comment that tariffs could eventually serve as a means to replace income tax. He also reiterated that he would never tolerate Iran possessing nuclear weapons and reaffirmed the approval of a $1 trillion defense budget.

Some in the market had suggested that including Bitcoin-related remarks in the address could create additional upside momentum, but ultimately no specific message was delivered. As a result, some analysis points to a pullback after an “expectations priced in” move in the short term.

The digital-asset market continues to react sensitively to political events and policy remarks. Going forward, Trump’s policy direction and legislative discussions on digital assets in Congress are expected to act as key variables driving price volatility.