Bitcoin Resurgence: Crypto Rally Surges on Speculation of Trump’s National Priority Order

Bitcoin surged on Friday, joining a broader cryptocurrency rally, following reports that President-elect Donald Trump might issue an executive order prioritizing cryptocurrency at a national level.

Bitcoin Price Soars

The leading cryptocurrency saw a rise of over 4%, reaching $104,672.37, as per Coin Metrics. The broader crypto market also experienced growth, with the CoinDesk 20 index gaining an additional 3% after a 4% increase on Thursday.

Shares of crypto exchange operators Coinbase and Robinhood rose over 4% each, as trading activity in smaller cryptocurrencies continued to benefit trading platforms.

Interest in smaller, higher-risk coins has grown, with Litecoin surging 30% over the past two days.

Trump’s Pro-Crypto Stance

A Bloomberg report on Thursday indicated that Trump might create a crypto advisory council, fulfilling his earlier promise to give the industry a voice within his administration.

Discussions also reportedly include a national bitcoin stockpile as part of a broader executive order on crypto policy, according to the New York Times.

While Wall Street has expressed optimism about a pro-crypto Congress and White House in 2025, analysts caution that market impacts may take time to materialize.

Non-bitcoin cryptocurrencies could see significant benefits from clear and supportive regulations, particularly after facing challenges such as SEC lawsuits and alleged banking discrimination during the Biden administration.

However, some investors believe bitcoin could experience a significant rally if a national reserve is established.

Bitcoin Aligns With Stock Trends

Bitcoin’s price movement this year has closely followed stock market trends. Since December, it has been in consolidation mode, particularly after Federal Reserve Chair Jerome Powell’s warnings about inflation.

However, cooler-than-expected December inflation reports have eased concerns, leading to over $1 billion in bitcoin ETF inflows in the past two days.

Investors anticipate that announcements from the incoming administration next week could push bitcoin to a new record high.

Bitcoin’s all-time high of $108,327.01, reached on December 17, is within sight as the cryptocurrency has gained over 11% in 2025. On Monday, hours before Trump’s inauguration, bitcoin surged past $109,000, hitting an all-time high of $109,114.88.

Cryptocurrency Momentum Continues

Data from Binance indicates that bitcoin’s market cap stands at $2.13 trillion, with a circulating supply of 19.81 million.

Cryptocurrencies have rallied since Trump’s election win in November, driven by expectations of a pro-blockchain administration.

Notably, Donald Trump and Melania Trump launched official meme coins, #TRUMP and #MELANIA, on January 17 and January 20, respectively.

Trump’s newly introduced cryptocurrency, $TRUMP, surged on Monday to a market value of nearly $12 billion, with $52.5 billion in trading volume.

It is ranked as the 18th largest cryptocurrency by CoinMarketCap. Meanwhile, Melania Trump’s cryptocurrency, trading at around $12.03, holds a market cap of $1.9 billion.

Ethical and Regulatory Concerns

The launch of Trump’s meme coin has sparked debate within the cryptocurrency community. Justin D’Anethan, an independent crypto analyst, noted that the coin blurs the lines between governance, profit, and influence.

He raised concerns about public figures with political clout wielding significant influence in speculative markets, emphasizing the ethical and regulatory challenges this poses.

Peter Schiff, chief economist at Euro Pacific Asset Management, referred to the rise of $TRUMP as the new “digital gold.” Trump’s promise to be a “crypto president” includes plans to reduce regulatory barriers and promote widespread adoption of digital assets.

These developments have fueled optimism and contributed to the bitcoin rally since his election victory in November.

Bitcoin’s recent surge reflects growing optimism about Trump’s pro-crypto policies and their potential impact on the cryptocurrency industry.

As Trump prepares to assume the presidency, the crypto market remains energized, with investors closely monitoring upcoming announcements for further developments.