Bitcoin joined the crypto rally after reports surfaced that President-elect Donald Trump may soon issue an executive order. This potential move could make cryptocurrency a national priority and provide greater legitimacy to the growing sector.
Bitcoin’s Rise Amid Speculation
Bitcoin surged 4% Friday, reaching a price of US$104,672.37. The increase was part of a broader crypto market rally, with the CoinDesk 20 Index up 3%. Shares of major exchanges like Coinbase and Robinhood also rose more than 4%, reflecting growing interest in cryptocurrencies.
Litecoin, another cryptocurrency, saw a significant increase of 30% over the past two days. As Trump’s inauguration approaches, trading activity in small-cap cryptocurrencies has increased, benefiting trading platforms and increasing investor enthusiasm. Many experts attribute the recent progress to speculation surrounding a possible executive order from Trump.
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Bitcoin Price in AUD
According to the latest market data, Bitcoin is trading at AU$167,164.64. Over the last 24 hours its value has increased by 2%.
- World ranking: #1
- Market capitalization: 2.100 billion dollars
- Trading volume over 24 hours: $67.7 billion
Bitcoin continues to maintain its position as the top cryptocurrency by market capitalization, further strengthening its dominance in the global digital currency market.
Crypto Advisory Council and Trump Executive Order
According to a Bloomberg report, Trump may create the crypto advisory board he previously promised. The move would give the cryptocurrency industry a voice within his administration. A Bitcoin stock could also be part of the executive order discussions, as reported by the New York Times.
These reports have sparked enthusiasm among investors and traders. Trump’s potential actions could set a new precedent for how cryptocurrencies are treated within the US economy. His administration’s stance could have far-reaching consequences on the global market.
The market response to Trump’s plans
News of Trump’s possible executive order sparked a wave of optimism in the cryptocurrency market. The price of Bitcoin has consolidated since the end of December but has recently experienced a sharp rise. Analysts predict that any official announcement from the new administration could send Bitcoin prices further higher, potentially setting new records.
Some market observers believe that the value of Bitcoin could reach even greater heights if a stockpile or national reserve were created. JPMorgan analyst Kenneth Worthington noted that the new administration and SEC chairman could open the door to new opportunities in cryptocurrency innovation. However, he warned that tokens with smaller market caps may not see significant growth, at least in the short term.
Impact of Trump’s Policies on Small Cryptocurrencies
Although Bitcoin has been the main beneficiary of the recent rally, other smaller cryptocurrencies have also seen a boost. Ripple’s XRP and Solana, for example, have risen significantly. XRP has seen an increase of around 500% since Trump’s victory in the November election, with investors expecting the new administration to ease regulations that have hampered its growth.
According to Arthur Azizov, CEO of cryptocurrency platform B2BInPay, XRP has demonstrated remarkable strength compared to other cryptocurrencies. While other coins have experienced setbacks, XRP has quietly accumulated value and is now nearing its all-time high.
Trump’s potential focus on US-created cryptocurrencies, including XRP and Solana, has attracted considerable attention. The proposal to create a “US-first strategic reserve” to support these digital currencies could reshape the regulatory landscape for crypto assets in the United States and around the world.
Trump’s crypto promise and its potential impact
In July, Trump promised to create a “strategic national Bitcoin reserve” during a speech at the Bitcoin 2024 conference. He predicted that Bitcoin could eventually surpass the market capitalization of gold, which stands at 16,000 billion dollars. This bold statement resonated with many crypto enthusiasts, who are now hoping that the Trump administration will follow through on its promises.
The idea of a national cryptocurrency reserve has gained traction in recent months. This would give US-created cryptocurrencies like Solana and XRP a larger role in the global financial system. Such a move would align with Trump’s broader “America First” economic policies, which have prioritized national interests over international collaboration.
Growing Expectations for the Future of Bitcoin
With the possibility of more favorable policies, investors are eagerly awaiting further announcements from the Trump administration. The increased expectations could drive the price of Bitcoin higher in the coming weeks. Although some analysts warn that it may take time for the market to fully feel the impact of any policy changes, the mood remains optimistic.
The price of Bitcoin has continued to rise in 2025, with an increase of over 11% since the start of the year. As the new administration takes office, cryptocurrency markets will closely monitor any signs of regulatory changes. Investors hope that clear and supportive policies will encourage more innovation in the sector.
The way forward for Bitcoin and cryptocurrencies
Bitcoin is currently trading above US$100,000 (approximately $167,164.64 AUD), and analysts predict the price could rise even higher if Trump’s plans for a national Bitcoin reserve materialize. The broader cryptocurrency market, including XRP and Solana, is also poised to benefit from potential policy changes.
Despite this optimism, some analysts warn that the effects of Trump’s crypto policies may take time to materialize. Investors are still hopeful that the new administration will create a favorable environment for cryptocurrency growth, but caution is advised as the market evolves.
In the coming months, we could see Bitcoin continue its upward trajectory, driven by the promise of more favorable policies and growing demand. The crypto market could see another major change as the Trump administration works to establish the future of digital currencies in the United States.
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