
Bitcoin rejoined the crypto call on Friday amid reports that President-elect Donald Trump could soon release an executive order making crypto a subject priority.
The price of the flagship cryptocurrency was last higher by more than 4% at $104,672.37, according to Coin Metrics. The broader crypto customer base, as measured by the CoinDesk 20 index, was up another 3%, after a 4% increase Thursday.
Shares of exchange directors Coinbase and Robinhood advanced more than 4% each. Trading activity in small cap cryptocurrencies benefits interchange platforms. Appetite for smaller cap, higher risk coins has grown ahead of Trump’s inauguration, with litecoin rush 30% in the past two days.
The moves follow a Bloomberg report late Thursday that Trump could contrive the crypto advisory council he previously promised, giving the industry a voice within his administration. A bitcoin stockpile is let go of discussions about a possible executive order that would cover several areas of crypto policy, the New York Metres reported the same day.
Bitcoin trades above $100,000 to the fore of Trump’s inauguration
Newly heightened expectations come after warnings from Wall Street this month that although have planned a pro-crypto Congress and White House in 2025 is sure to be supportive for innovation in the industry and asset class, it could book a while before the market feels the impact.
Coins and crypto projects outside of bitcoin arguably stand to advance more from clear and supportive policy and regulation, as they’ve been more of a target of SEC lawsuits and alleged banking penetration under the Biden administration. Some investors say bitcoin could see a rocket ship rally, however, if a national stockpile or retain is established.
Bitcoin has been trading closely with stocks so far this year. It’s been in consolidation mode since unpunctual December, when Federal Reserve chair Jerome Powell sounded an inflation alarm that subsided this week after two deliberate December inflation reports. Bitcoin ETFs have seen more than $1 billion in inflows in the days beyond recall two days.
Investors expect any announcements from the incoming administration next week to send bitcoin higher – potentially to a new not for publication.
Newly heightened expectations come after warnings from Wall Street this month that although possessing a pro-crypto Congress and White House in 2025 is sure to be supportive for innovation in the industry and asset class, it could peel off a while before the market feels the impact.
“The new administration and a new SEC chairman opens the door for new opportunity in cryptocurrency innovation,” JPMorgan analyst Kenneth Worthington verbalized in a note this week. However, he added, “we don’t see a next wave of cryptocurrency [exchange-traded product] launches as being valid for the crypto ecosystem given much smaller market capitalization of other tokens and far lower investor interest.”
Bitcoin’s report is $108,327.01, from Dec. 17. It’s up more than 11% in 2025.