The cryptocurrency’s latest surge comes on the heels of multiple reports suggesting that President-elect Donald Trump will sign executive orders prioritizing crypto-related policies shortly after taking office on January 20.

With Bitcoin already up nearly 10% in 2025, following a 120% gain in 2024, many are wondering if this momentum could push the flagship digital asset to fresh all-time highs.

Data shows Bitcoin trading at around $104,800 on Binance, marking a more than 4% increase from the previous day. Exchange operators Coinbase and Robinhood have also benefited, with their share prices climbing roughly 5% and 3%, respectively. Industry observers point to growing speculation that the Trump administration will rapidly implement measures favorable to the cryptocurrency sector.

Source: BNC

A National Bitcoin Reserve

A key driver of the rally appears to be Thursday’s report that Trump may create an advisory council for crypto assets, granting industry representatives a direct line of communication with his administration. Additionally, discussions about establishing a strategic government Bitcoin stockpile—akin to existing U.S. oil and gold reserves—have generated further excitement. Several prediction markets place high odds on the creation of a U.S. BTC reserve by 2026 and suggest the initiative could materialize within Trump’s first 100 days in office.

One of the politicians behind the US Strategic Bitcoin Reserve, Senator Cynthia Lummis, has been working round the clock on the bill. Today she posted a photo to X, writing, “Working hard to get the Strategic Bitcoin Reserve and comprehensive digital asset legislation across the finish line.”

Source: X

Trump, once a skeptic of digital currencies, has recently embraced them, going so far as to promise that the United States would become a global crypto hub. This shift in stance has spurred smaller-cap cryptocurrencies to rally as well, with Litecoin up over 20% in just two days. The cryptocurrency community plans to host an “Inaugural Crypto Ball” to welcome the new administration and encourage follow-through on campaign pledges.

The Crypto Ball Invite, Source: X

Upcoming Catalysts and Potential Risks

With Bitcoin sitting close to $104,800, many analysts believe the next price checkpoint will be its all-time high near $108,372.55. Even so, technical indicators suggest that Bitcoin remains overbought, raising the possibility of short-term pullbacks. Investors will be watching not only the inauguration but also crucial U.S. economic data releases, such as jobless claims, consumer sentiment, and manufacturing surveys. These reports have the potential to shift Federal Reserve rate expectations, which could, in turn, influence Bitcoin’s trajectory.

Still, the predominant sentiment among traders is optimism. The prospect of a pro-crypto executive order—possibly on Trump’s first day in office—has fueled hopes that regulatory clarity and supportive policies could further enhance Bitcoin’s mainstream appeal. If the market continues to respond favorably to these developments, new record highs may be just around the corner for XRP, Bitcoin, and the entire crypto market.