Bitcoin gains as Trump plans crypto executive order

Bitcoin It joined the crypto rally on Friday, amid reports of the president-elect Donald Trump could soon issue an executive order making crypto a national priority.

According to Koin Metrics, the price of the flagship cryptocurrency rose more than 4% at $104,672.37. The broader crypto market, as measured CoinDesk 20 the index rose another 3%, after rising 4% on Thursday.

Shares of exchange operators Coinbase and Robinhood each advanced by more than 4%. Trading activity in small-cap cryptocurrencies favors trading platforms. Smaller coins and higher-risk coins have surged ahead of Trump’s inauguration litecoin It’s up 30% in the last two days.

The moves follow a Bloomberg the report late Thursday Trump previously promised he could create a crypto advisory council, giving the industry a voice in his administration. A bitcoin repository is part of discussions about a possible executive order that would cover several areas of crypto policy, according to the New York Times. notify on the same day

The new heightened expectations come after warnings from Wall Street this month that while having a pro-crypto Congress and White House in 2025 will certainly help innovation in the industry and asset class, it will take some time for the market to feel the impact.

Non-Bitcoin coins and crypto projects stand to gain more from clear and supportive policies and regulations, having been the target of SEC lawsuits and alleged banking discrimination under the Biden administration. Some investors say bitcoin could see a rocket ship, however, if a national repository or reserve is established.

Bitcoin has been trading closely with stocks this year. It has been in consolidation mode since late December, when Federal Reserve Chairman Jerome Powell sounded an inflation alarm that subsided this week after two fresh December inflation reports. Bitcoin ETFs have seen inflows of more than $1 billion in the past two days.

Investors expect an incoming administration announcement next week to send bitcoin higher, possibly to a new record.

The new heightened expectations come after warnings from Wall Street this month that while having a pro-crypto Congress and White House in 2025 will certainly help innovation in the industry and asset class, it will take some time for the market to feel the impact.

“The new administration and new SEC chairman open the door to new opportunities in cryptocurrency innovation,” JPMorgan analyst Kenneth Worthington. he said in a statement this week. However, he added, “we don’t see the next wave of cryptocurrency (exchange-traded product) launches being significant for the crypto-ecosystem given the much lower market capitalization of other tokens and much lower investor interest.”

Bitcoin’s record high is $108,327.01 as of December 17th. In 2025 it has increased by more than 11%.