Bitcoin rose Friday amid reports that President-elect Donald Trump could release an executive order making crypto a national priority as soon as day 1 of his new term.
The price of the flagship cryptocurrency was last higher by nearly 2% at $102,639.13, according to Coin Metrics. The broader crypto market, as measured by the CoinDesk 20 index, was up another 1%, after a 4% increase Thursday.
Shares of exchange operators Coinbase and Robinhood advanced about 3% each in premarket trading.
The moves follow a Bloomberg report late Thursday that Trump could create the crypto advisory council he previously promised, giving the industry a voice within his administration. A bitcoin stockpile is part of discussions about a possible executive order that would cover several areas of crypto policy, the New York Times reported the same day.
Coins and crypto projects outside of bitcoin arguably stand to gain more from clear and supportive policy and regulation as they've been more of a target of Biden administration lawsuits and alleged banking discrimination. Some investors say bitcoin could see a rocket ship rally, however, if a national stockpile or reserve is implemented.
Bitcoin has been trading closely with stocks so far this year. It's been in consolidation mode since late December, when Federal Reserve chair Jerome Powell sounded an inflation alarm that subsided this week after two cool December inflation reports. Bitcoin ETFs have seen more than $1 billion in inflows in the past two days.
Investors expect any announcements from the incoming administration next week to send bitcoin higher – potentially to a new record. Heightened expectations come after warnings from Wall Street this month that although having a pro-crypto Congress and White House in 2025 is sure to be supportive for innovation in the industry and asset class, it could take 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 said in a note this week. However, he added, "we don't see a next wave of cryptocurrency [exchange-traded product] launches as being meaningful for the crypto ecosystem given much smaller market capitalization of other tokens and far lower investor interest."
Bitcoin's record is $108,327.01, from Dec. 17. It's up 9% in 2025.
부인 성명:info@kdj.com
제공된 정보는 거래 조언이 아닙니다. kdj.com은 이 기사에 제공된 정보를 기반으로 이루어진 투자에 대해 어떠한 책임도 지지 않습니다. 암호화폐는 변동성이 매우 높으므로 철저한 조사 후 신중하게 투자하는 것이 좋습니다!
본 웹사이트에 사용된 내용이 귀하의 저작권을 침해한다고 판단되는 경우, 즉시 당사(info@kdj.com)로 연락주시면 즉시 삭제하도록 하겠습니다.
