3 sources·Business

Trump's Presidency Sparks Bitcoin Surge Past $100,000 as Industry Awaits Regulatory Shift

As Trump prepares for his presidency, Bitcoin surges over $100,000, fueled by optimism for crypto-friendly policies and a proposed national reserve.

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The ascent of Bitcoin to over $100,000 underscores the growing optimism surrounding Trump's potential influence on cryptocurrency regulation, signaling a pivotal shift from the restrictive policies of the previous administration.
Bitcoin surges past $100K as Trump prepares to champion crypto policies
Newsweek·4M
Mostly Reliable
This source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.
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Center
This outlet is balanced or reflects centrist views.
The prospect of a pro-crypto executive order from President-elect Trump has injected fresh optimism into the market, driving significant gains across major cryptocurrencies and trading platforms.
Bitcoin gains as Trump reportedly plans crypto executive order
CNBC·4M
Reliable
This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
·
Center
This outlet is balanced or reflects centrist views.
Trump’s enthusiasm for cryptocurrencies signals a dramatic shift in the political landscape and could potentially reshape the regulatory environment, reversing what many in the industry consider a hostile stance from the previous administration.
Bitcoin soars past $100,000 ahead of possible early action on crypto by Trump
Associated Press·4M
Reliable
This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
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Center
This outlet is balanced or reflects centrist views.

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Updated: Jan 17th, 2025, 3:46 PM ET

Summary

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Bitcoin's price has surpassed $100,000, driven by anticipation of Donald Trump's pro-crypto policies as he prepares to take office. Trump's plan includes appointing a crypto czar, creating a U.S. strategic bitcoin reserve, and establishing an advisory council to regulate the industry favorably. This shift aims to normalize and legitimize cryptocurrency amid criticism of past regulations during the Biden administration. The surge in price reflects growing investor confidence in a more favorable regulatory environment for digital currencies under Trump, who has embraced the sector after previously criticizing it.

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