Bitcoin Gains Momentum Amid Reports of Trump’s Crypto Executive Order

Bitcoin 1 Dashing News

Bitcoin has surged in value amid reports suggesting that President-elect Donald Trump is considering an executive order to prioritise cryptocurrency on a national level. This development has generated excitement in the crypto community, propelling Bitcoin’s price and energising the broader crypto market. Here’s a detailed look at the latest developments and their implications.

 

Bitcoin’s Resurgence in the Crypto Market

On Friday, Bitcoin rejoined the crypto rally, gaining significant momentum. According to Coin Metrics:

  • Bitcoin’s price rose by over 4%, reaching $104,672.37.

  • The broader crypto market, as measured by the CoinDesk 20 index, climbed another 3% following a 4% increase on Thursday.

This upward trend reflects growing optimism in the market, spurred by reports of potential policy changes.


Impact on Trading Platforms and Smaller Cryptocurrencies

The rally positively impacted trading platforms and smaller cryptocurrencies:

  • Coinbase and Robinhood shares advanced by over 4% each.

  • Smaller-cap cryptocurrencies have experienced increased trading activity, benefiting platforms catering to these assets.

    • Notably, Litecoin surged 30% in just two days.

This surge highlights the increasing appetite for higher-risk, smaller-cap coins as Trump’s inauguration approaches.


Trump’s Potential Crypto Executive Order

A Bloomberg report on Thursday revealed that President-elect Trump may create a crypto advisory council, fulfilling a previous promise. This council would:

  • Give the cryptocurrency industry a direct voice within the administration.

  • Address critical areas of crypto policy, including the possibility of establishing a national Bitcoin stockpile.

The New York Times also reported discussions about incorporating Bitcoin into the nation’s reserve, further elevating market expectations.


Wall Street’s Perspective on Crypto Policy

While the potential for a pro-crypto Congress and White House in 2025 excites investors, Wall Street analysts caution that:

  • The market may take time to feel the effects of supportive crypto policies.

  • Coins and projects outside Bitcoin could benefit more from clear regulations, as they’ve faced scrutiny from the SEC and alleged banking discrimination under the Biden administration.

However, a national Bitcoin reserve could trigger a significant rally for the flagship cryptocurrency.


Bitcoin’s Performance and Market Trends

Bitcoin has closely mirrored stock market movements in 2025. Recent trends include:

  • Consolidation since late December, following Federal Reserve Chair Jerome Powell’s inflation warnings.

  • Bitcoin ETFs attracting over $1 billion in inflows over the past two days.

Investors anticipate that announcements from the incoming administration could propel Bitcoin to new records. Bitcoin’s all-time high stands at $108,327.01, achieved on December 17, 2024. So far, Bitcoin is up over 11% in 2025.


Industry Insights

JPMorgan analyst Kenneth Worthington shared his perspective:

  • The new administration and SEC leadership could open doors for cryptocurrency innovation.

  • However, he noted that the next wave of cryptocurrency exchange-traded products (ETPs) might not significantly impact the ecosystem due to the smaller market capitalisation of alternative tokens and lower investor interest.


Conclusion

Bitcoin’s recent gains and the broader market rally signal renewed optimism in the crypto sector. If the Trump administration prioritises cryptocurrency through an executive order, the industry could see transformative growth. For now, investors are closely monitoring developments that could shape the future of digital assets.


References:

  1. Coin Metrics – Bitcoin price data

  2. CoinDesk 20 index – Broader crypto market performance

  3. Bloomberg – Report on Trump’s crypto advisory council

  4. The New York Times – Discussions on a national Bitcoin stockpile

  5. JPMorgan Analyst Report – Cryptocurrency policy insights

 

 

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