Bitcoin prices rise as Trump plans to prioritize cryptocurrency in his new term
New York: Bitcoin is back in the spotlight! It jumped nearly 2% to about $102,639.13. This surge comes as reports suggest that President-elect Donald Trump might sign an executive order to make crypto a national priority right from day one of his term.
The broader crypto market is also feeling the love, with the CoinDesk 20 index up 1% after a solid 4% gain the day before. Even shares of trading platforms like Coinbase and Robinhood are up about 3% in premarket trading.

Investors are getting excited about smaller cryptocurrencies too, with coins like litecoin and XRP seeing double-digit gains recently. This buzz follows a Bloomberg report that Trump could establish a crypto advisory council, giving the industry a voice in his administration.
There’s talk of a potential bitcoin stockpile as part of the executive order discussions, which could really shake things up. While bitcoin has been trading closely with stocks this year, it’s been in a bit of a holding pattern since late December.
But with the new administration coming in, many are hopeful for a big boost in the crypto market. Analysts believe that any announcements next week could send bitcoin soaring, possibly even to a new record.
JPMorgan’s Kenneth Worthington mentioned that the new SEC chairman could open doors for innovation in crypto, but he also cautioned that we might not see immediate impacts on the market. Bitcoin’s all-time high is $108,327.01, and it’s already up 9% this year. Exciting times ahead!