Bitcoin slides after Trump omits crypto in State of the Union address
U.S. President Donald Trump made no reference to cryptocurrencies, Bitcoin or the CLARITY Act during his nearly two-hour address to the nation. The market reacted with a pullback: Bitcoin fell below $65,000, while odds of the bill passing declined on prediction platforms Polymarket and Kalshi.
Ahead of the speech, BTC had surged more than 3% on expectations of signals regarding progress in crypto regulation. However, following the address, the price slipped to around $64,800, partially erasing earlier gains, Coingape reported.
Odds of CLARITY Act passage decline
On prediction markets Polymarket and Kalshi, the probability of the CLARITY Act being signed into law in 2026 dropped noticeably. On Polymarket, the odds fell to around 47–48%, compared with significantly higher levels earlier in the week.Kalshi data shows a roughly 36% chance of the bill passing before May 2026 and 52% before June 2026. The probability of the law being enacted before 2027 also declined, from over 84% earlier this week to about 66%.
The CLARITY Act aims to establish a clear regulatory framework for the US crypto market. The bill remains stalled in the Senate amid disagreements over stablecoin regulation and jurisdiction between congressional committees.
Market reacts cautiously
Following the speech, total crypto market capitalization briefly exceeded $2.3 trillion before giving back part of the gains. BTC trading volume fell about 14% over the past 24 hours.Analysts at Glassnode and 10x Research had previously warned of a deeper correction. Veteran trader Peter Brandt noted that Bitcoin is approaching a key long-term support line. If the $60,000 level fails to hold, a decline toward roughly $58,000 could follow.
Why Trump silence matters
The market reaction highlights how sensitive crypto investors are to political signals in the United States. The CLARITY Act is viewed as one of the key legislative efforts that could define regulatory rules for exchanges, token issuers and stablecoins.The absence of any mention of the crypto industry in such a major speech does not necessarily signal a policy shift, but it does add uncertainty. For the market, it suggests that regulatory decisions could face delays, increasing the risk of continued volatility.
In the short term, Bitcoin remains highly responsive to political developments. In the longer term, however, real legislative progress in Congress — not rhetoric — is likely to be the main driver.
Previously, we reported that the US Supreme Court ruled Donald Trump global tariffs unlawful, a development that had previously contributed to market sell-offs and weighed on Bitcoin attempts to reach new highs.
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