Bitcoin Wins as Trump Reportedly Plans Cryptocurrency Executive Order

bitcoin rejoined the cryptocurrency rally on Friday amid reports that president-elect donald trump could issue an executive order making cryptocurrencies a national priority as soon as Day 1 of his new term.

The price of the flagship cryptocurrency last rose more than 2% to $103,174.90, according to Coin Metrics. The broader crypto market, measured by the CoinDesk 20 index, rose another 1%, after a 4% increase on Thursday.

Stocks of exchange operators. Coinbase and Robinhood They advanced around 5% each. Trading activity in small cap cryptocurrencies benefits trading platforms. Appetite for smaller-cap, higher-risk coins has grown ahead of Trump’s inauguration, with litecoin increasing 26% in the last two days.

Movements follow Bloomberg report Thursday night that Trump could create the crypto advisory council he previously promised, giving the industry a voice within his administration. A bitcoin reserve is part of discussions about a possible executive order that would cover several areas of crypto policy, New York Times reported the same day.

Cryptocurrencies and projects outside of Bitcoin could arguably gain more with clear and supportive policies and regulations, as they have been more of a target of SEC lawsuits and alleged banking discrimination under the Biden administration. However, some investors say Bitcoin could see a dramatic rally if a national reserve or reserve is established.

Bitcoin has been trading closely with stocks so far this year. It has been in consolidation mode since late December, when Federal Reserve Chair Jerome Powell sounded an inflation alarm that eased this week after two cold December inflation reports. Bitcoin ETFs have seen over $1 billion in inflows in the past two days.

Investors hope any announcement from the incoming administration next week will send bitcoin higher, potentially to a new record. The heightened expectations come after warnings from Wall Street this month that while having a pro-crypto Congress and White House in 2025 will surely support innovation in the industry and asset class, it could be a while before let the market feel the impact.

“The new administration and a new SEC chairman open the door to new opportunities in cryptocurrency innovation,” said JPMorgan analyst Kenneth Worthington. he said in a note this week. However, he added, “we do not see an upcoming wave of cryptocurrency (exchange-traded products) launches being significant for the crypto ecosystem, given the much lower market capitalization of other tokens and much lower investor interest.”

Bitcoin’s record is $108,327.01, since December 17. It has risen 9% in 2025.