The cryptocurrency market seems to be recovering after the recent crash, with Bitcoin (BTC) reclaiming the $78,000 price level. The original crypto fell to below $74,000 yesterday, Feb. 2, 2026. BTC’s price has rallied 3.7% in the last 24 hours, and other assets seem to be following its trajectory, according to CoinGecko data. Bitcoin’s latest rally comes after President Trump made some pro-crypto statements, which may have led to a spike in investor sentiment. Trump stated, “I’m a big crypto person. I helped crypto more than anybody else because I believe in it.“

Will Bitcoin Continue Rallying After President Trump’s Comments?

Bitcoin (BTC) and the larger market faced a massive correction on Monday, Feb. 3, 2026, after President Trump picked Kevin Warsh as the new Federal Reserve Chair. Warsh has taken a pro-crypto stance right now, but his previous criticisms of the sector may have worried investors. However, Trump’s latest comments may have brought some relief to market participants.

There is a chance that Bitcoin (BTC) will continue its rally, especially given that Trump will likely push for further interest rate cuts. Trump had been very vocally against Jerome Powell for not reducing rates further. Warsh may cut rates further as soon as he assumes office.

Also Read: Trump’s Fed Chair: Why Gold, Silver Fell in Price After Warsh Pick

The crypto market is still quite fragile. The market has been on a bearish trajectory since October of last year. Microstrategy entered loss territory after Bitcoin’s (BTC) recent crash. BlackRock Bitcoin ETF (IBIT) investors also took losses after the correction. Macroeconomic worries could bar investors from entering the crypto market just yet. The conditions don’t seem ripe for a full-swing market-wide rally. Nonetheless, the dip in gold and silver prices could mean that investors may park their funds in risky assets. How things pan out is yet to be seen. We may be entering another crypto winter, or see a market turnaround very soon.