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Bitcoin has rejoined the crypto rally after reports surfaced that President-elect Donald Trump may soon release an executive order. The potential move could make cryptocurrency a national priority and offer greater legitimacy to the growing sector.
Bitcoin’s Surge Amid Speculation
Bitcoin surged by over 4% on Friday, reaching a price of $104,672.37 USD. This increase was part of a broader crypto market rally, with the CoinDesk 20 index rising by 3%. Shares of major exchange operators like Coinbase and Robinhood also advanced more than 4%, reflecting the growing interest in cryptocurrency.
Litecoin, another cryptocurrency, saw a significant 30% surge in the last 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 gains to speculation surrounding Trump’s potential executive order.
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Bitcoin Price in AUD
As of the latest market data, Bitcoin is trading at $167,164.64 AUD. Over the past 24 hours, its value has increased by 2%.
- Global Rank: #1
- Market Cap: $2.1 trillion
- 24H Trading Volume: $67.7 billion
Bitcoin continues to hold its position as the leading cryptocurrency by market capitalisation, reinforcing its dominance in the global digital currency market.
Trump’s Crypto Advisory Council and Executive Order
According to a Bloomberg report, Trump could create the crypto advisory council he had previously promised. This move would give the cryptocurrency industry a voice within his administration. A Bitcoin stockpile could also be part of the executive order discussions, as reported by the New York Times.
These reports have stirred excitement among investors and traders alike. Trump’s potential actions could set a new precedent for how cryptocurrencies are treated within the U.S. economy. His administration’s stance could have far-reaching implications for the global market.
The Market’s Response to Trump’s Plans
The news of Trump’s potential executive order has ignited a wave of optimism in the cryptocurrency market. Bitcoin’s price has been consolidating since late December but recently experienced a sharp increase. Analysts predict that any official announcements from the incoming administration could send Bitcoin prices even higher, potentially setting new records.
Some market observers believe that Bitcoin’s value could reach even greater heights if a national stockpile or reserve is created. JPMorgan analyst Kenneth Worthington noted that the new administration and SEC chairman could open doors for new opportunities in cryptocurrency innovation. However, he warned that smaller market-cap tokens may not see significant growth, at least in the short term.
Impact of Trump’s Policies on Smaller Cryptocurrencies
While Bitcoin has been the main beneficiary of the recent rally, other smaller cryptocurrencies have also experienced a boost. Ripple’s XRP and Solana, for example, have surged dramatically. XRP saw an increase of around 500% since Trump’s victory in the November election, as investors expect the incoming administration to ease regulations that have hindered its growth.
According to Arthur Azizov, CEO of crypto platform B2BInPay, XRP has shown remarkable strength compared to other cryptocurrencies. While other coins faced setbacks, XRP quietly accumulated value and is now approaching its all-time high.
Trump’s potential focus on US-created cryptocurrencies, including XRP and Solana, has attracted considerable attention. The proposal to create an “America-first strategic reserve” to back these digital currencies could reshape the regulatory landscape for crypto assets in the U.S. and globally.
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 gold’s market capitalisation of $16 trillion. This bold statement has resonated with many crypto enthusiasts, who now hope that the Trump administration will follow through on its promises.
The idea of a national cryptocurrency reserve has gained traction in recent months. It would give U.S.-created cryptocurrencies like Solana and XRP a more prominent role in the global financial system. Such a move would align with Trump’s broader “America-first” economic policies, which have prioritised national interests over international collaboration.
Growing Expectations for the Future of Bitcoin
With the potential for more supportive policies, investors are eagerly awaiting further announcements from Trump’s administration. The heightened expectations could drive Bitcoin’s price higher in the coming weeks. While some analysts caution that it could take time for the market to fully feel the impact of any policy changes, the mood remains optimistic.
Bitcoin’s price has been steadily rising in 2025, with an increase of more than 11% since the start of the year. As the new administration takes office, cryptocurrency markets will be closely watching for any signs of regulatory shifts. Investors are hopeful that clear and supportive policies will foster further innovation in the industry.
The Road Ahead for Bitcoin and Cryptocurrencies
Bitcoin is currently trading above $100,000 USD (around $167,164.64 AUD), and analysts predict the price could soar even higher if Trump’s plans for a national Bitcoin reserve materialise. The broader cryptocurrency market, including XRP and Solana, is also poised to benefit from the potential policy changes.
Despite the optimism, some analysts warn that the effects of Trump’s crypto policies may take time to materialise. Investors remain hopeful that the incoming administration will create a favourable environment for cryptocurrency growth, but caution is necessary as the market evolves.
In the coming months, we may see Bitcoin continue its upward trajectory, driven by the promise of more supportive policies and increasing demand. The crypto market could experience another major shift as Trump’s administration works to establish the future of digital currencies in the United States.
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