Bitcoin rises as Trump reportedly plans to talk about crypto

Bitcoin rejoined the crypto rally on Friday amid reports that the president-elect Donald Trump can issue an executive order making crypto a national priority as soon as the first day of his new term.

According to Coin Metrics, the price of the flagship cryptocurrency was last seen higher by more than 4% at $104,780.10. The broader crypto market as measured by CoinDesk 20 the index rose another 2%, after rising 4% on Thursday.

Shares of stock exchange operators Coinbase and Robinhood advanced by about 5% and 4%, respectively. Small-cap cryptocurrency trading benefits trading platforms. Appetite for smaller-cap, higher-risk coins increased ahead of Trump’s inauguration, with litecoin up 27% in the last two days.

Those moves are according to Bloomberg the report On Thursday night, Trump could create the crypto advisory board he promised earlier, giving the industry a voice in his administration. Bitcoin stocks are part of discussions about a possible executive order that would cover several areas of cryptopolicy, New York Times reported on the same day.

The recently raised expectations come after warnings from Wall Street this month that while a pro-crypto Congress and White House in 2025 will certainly spur innovation in the industry and asset class, it may be some time before the market feels the impact.

Coins and crypto projects outside of Bitcoin may benefit from clear and supportive policies and regulation, as they have been more targeted by SEC lawsuits and alleged banking discrimination under the Biden administration. Some investors say Bitcoin could become a rocket ship when national reserves or reserves are built up.

Bitcoin has traded in close correlation with stocks this year. It has been in consolidation mode since late December, when Federal Reserve Chairman Jerome Powell played down the inflation scare, which subsided this week after two sharp December inflation reports. More than $1 billion has flowed into Bitcoin ETFs in the past two days.

Investors expect any announcements from the incoming administration next week to send bitcoin higher — potentially to a new record high.

The recently raised expectations come after warnings from Wall Street this month that while a pro-crypto Congress and White House in 2025 will certainly spur innovation in the industry and asset class, it may be some time before the market feels the impact.

“New administration and new SEC chairman open new opportunities for innovative cryptocurrencies,” JPMorgan analyst Kenneth Worthington says this week’s note. However, he added, “we don’t see the next wave of cryptocurrency (exchange-traded goods) launches being significant for the crypto ecosystem, given the much smaller market cap of other tokens and much less investor interest.”

Bitcoin’s record high is $108,327.01 since December 17. In 2025, it grew by 9%.