Sun Jan 19 07:40:00 UTC 2025: ## Bitcoin Surges on Trump’s Potential Crypto Executive Order
**NEW YORK** – Bitcoin rallied Friday, climbing over 4% to $104,672.37, fueled by reports that President-elect Donald Trump may soon issue an executive order prioritizing cryptocurrency. The broader crypto market also saw significant gains, mirroring a surge in trading activity, particularly in smaller-cap cryptocurrencies.
The price jump follows reports from Bloomberg and the New York Times suggesting Trump is considering creating a crypto advisory council and potentially establishing a national bitcoin stockpile. This news comes despite earlier Wall Street warnings that any positive impact from a pro-crypto administration might not be immediately felt.
While some analysts believe a national bitcoin reserve could trigger a significant price surge, others, like JPMorgan analyst Kenneth Worthington, are more cautious, noting the relatively small market capitalization of other cryptocurrencies compared to Bitcoin. Worthington expects limited impact on the broader crypto ecosystem from new exchange-traded products.
The recent price surge is also linked to a significant influx of over $1 billion into Bitcoin ETFs over the past two days. The market anticipates further price increases next week pending official announcements from the incoming administration. Bitcoin’s current price is still below its record high of $108,327.01 reached in December 2024. The cryptocurrency is up over 11% year-to-date. The increased interest has also boosted the share prices of cryptocurrency exchanges such as Coinbase and Robinhood.
First Piper 