Bitcoin rejoined the crypto rally on Friday after reports that President-elect Donald Trump may soon issue an executive order making crypto a national priority.
According to Coin Metrics, the value of the flagship cryptocurrency was last up greater than 4% to $104,672.37. The broader crypto market, as measured by the CoinDesk 20 index, rose one other 3% after rising 4% on Thursday.
Shares of stock exchange operators Coinbase And Robinhood each increased by greater than 4%. Trading activities in small-cap cryptocurrencies profit trading platforms. The appetite for smaller market cap and better risk coins has been growing ahead of Trump's inauguration Litecoin up 30% within the last two days.
The steps follow a Bloomberg report Late Thursday, Trump announced he might create the previously promised crypto advisory board to provide the industry a voice inside his administration. A Bitcoin supply is a component of discussions a few possible executive order that might cover several areas of crypto policy, in line with the New York Times reported on the identical day.
Bitcoin trades above $100,000 ahead of Trump's inauguration
Expectations have risen again after Wall Street warned this month that while a pro-crypto Congress and White House in 2025 will definitely support innovation within the industry and asset class, it might be some time before the market feels the results.
Non-Bitcoin coins and crypto projects are prone to profit more from clear and supportive policy and regulation, as they’ve been more prone to be the goal of SEC lawsuits and alleged bank discrimination under the Biden administration. However, some investors say Bitcoin could see a rocket-like rally if a national stockpile or reserve is created.
So far this yr, Bitcoin has traded closely with stocks. It has been in consolidation mode since late December, when Federal Reserve Chairman Jerome Powell sounded an inflation alarm that eased this week after two cool December inflation reports. Bitcoin ETFs have seen inflows of greater than $1 billion prior to now two days.
Investors expect the brand new government's announcements next week to push Bitcoin higher, possibly to a brand new record.
Expectations have risen again after Wall Street warned this month that while a pro-crypto Congress and White House in 2025 will definitely support innovation within the industry and asset class, it might be some time before the market feels the results.
“The new administration and a new SEC chairman open the door to new opportunities in cryptocurrency innovation,” JPMorgan analyst Kenneth Worthington said in a note this week. However, he added: “We don’t see the next wave of cryptocurrency.” [exchange-traded product] Launches are considered sensible for the crypto ecosystem given the much lower market cap of other tokens and much less investor interest.”
Bitcoin's record is $108,327.01 since December seventeenth. In 2025 it has increased by greater than 11%.
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