Bitcoin Hits $105K Amid Rising Hopes for Trump’s Pro-Crypto Inauguration and Policies
Bitcoin (BTC) reached a 2025 high of $105,000 on Friday, fueled by growing optimism surrounding President-elect Donald Trump’s crypto-friendly administration. With just days before the inauguration, investors are gearing up for potential policy shifts that could reshape the digital asset landscape.
Bitcoin Bounces Back Amid Optimism
After dipping below $90,000 earlier this week, Bitcoin has rebounded strongly, surging 17% in just a few days. BTC climbed 5.2% in the past 24 hours, outpacing most of its crypto peers. The CoinDesk 20 Index showed a broad market rally, with notable gains from NEAR and Litecoin (LTC), while Solana (SOL) and Ethereum (ETH) trailed slightly with 3% increases. XRP fell by 4%, cooling off from its record-setting rally earlier this week.
Crypto Stocks and ETFs Join the Rally
Crypto-related equities mirrored Bitcoin’s upward momentum. MicroStrategy (MSTR), the largest corporate Bitcoin holder, jumped 7%, while Coinbase (COIN) rose 4.5%. Bitcoin miner MARA Holdings led the pack with a 13% gain.
Spot Bitcoin ETFs also experienced a resurgence. Combined net inflows totaled $1.381 billion over the past two days, reversing a four-day streak of outflows, according to Farside Investors. BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw nearly $1 billion in trading volume within the first hour of Friday’s session, ranking as the fourth-highest among all U.S. ETFs, surpassing even Vanguard’s S&P 500 ETF (VOO).
Trump’s Inauguration: A Crypto Game-Changer?
Investors are closely watching Trump’s inauguration on Jan. 20, which could mark a turning point for U.S. cryptocurrency policy. During his campaign, Trump pledged to position the U.S. as a global crypto leader, contrasting sharply with the regulatory crackdowns seen in recent years.
President-elect Donald Trump is reportedly preparing an executive order to designate digital assets as a “national priority,” signaling a major policy shift for the U.S. cryptocurrency industry. The order is expected to establish an advisory council of industry leaders to provide policy recommendations and explore the creation of a national Bitcoin stockpile, aimed at cementing the U.S.’s leadership in the digital asset space.
Spotlight on Inflows and Market Momentum
The crypto market’s bullish outlook extends beyond Bitcoin. Ether spot ETFs recorded $166 million in inflows, marking their best day in over a month. This influx of capital reflects renewed confidence in the digital asset space as traditional investors prepare for what many see as a pivotal moment under Trump’s leadership.
BlackRock’s IBIT ETF exemplifies this optimism, attracting significant trading activity and signaling growing institutional interest in Bitcoin. The ETF’s surge in volume highlights how digital assets are increasingly being integrated into mainstream portfolios.