Bitcoin surged above the $100,000 mark, fueled by growing optimism about crypto-friendly policies under incoming U.S. President Donald Trump. By 09:10 ET on Friday, Bitcoin had risen 3.4% to $102,430, reaching a record high of $108,244 earlier in the day.
Market sentiment has been buoyed by reports of Trump’s plans to make cryptocurrency a national policy priority. According to Bloomberg, the administration may sign an executive order granting industry leaders a significant role in shaping regulations and establishing a strategic Bitcoin reserve using $20 billion in seized cryptocurrency assets.
Trump’s campaign promises, including appointing crypto advocates like Paul Atkins to key roles, have boosted investor confidence. Atkins, a known cryptocurrency proponent, is slated to chair the SEC, with policy revisions anticipated shortly after Trump takes office. Regulatory clarity is expected to favor Bitcoin, reinforcing its dominance in the crypto market.
JPMorgan analysts predict Bitcoin will maintain its leading position through 2025, citing its appeal as digital gold and significant ETF inflows. Factors such as MicroStrategy’s $42 billion Bitcoin acquisition plan, advancements in Layer 2 solutions, and institutional shifts toward private blockchains further strengthen its market position.
The broader cryptocurrency market mirrored Bitcoin’s rally. Ethereum gained 2.5%, Solana climbed 5%, and meme tokens like Dogecoin rose over 8%. Litecoin surged 12%, driven by optimism over a proposed ETF filing amendment by Canary Capital, signaling potential regulatory approval.
If approved, Litecoin could join Bitcoin and Ethereum as the third cryptocurrency with a U.S.-approved spot ETF, solidifying its market relevance.
The market’s recent momentum underscores growing confidence in cryptocurrency’s future under a potentially more favorable regulatory environment.


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