Key Points
- Bitcoin reclaimed the $95,000 level less than a week before the Trump administration’s debut.
- Trump is expected to issue executive orders regarding BTC and crypto on day one of his presidency.
Today, Bitcoin price rose above $95,000, following yesterday’s dip below $90,000, amidst an optimistic crypto market, less than a week before the new Trump administration debut.
Bitcoin Trades Above $95,000
At the moment of writing this article, BTC is trading above $95,000, up by almost 2% in the last 24 hours. The digital asset recorded a price surge today, following a drop to $89,000 levels.
BTC price in USD todayDespite intense volatility, the crypto market maintains optimism ahead of the new Trump administration debut set to take place on January 20.
A notable crypto event for the week was revealed early in the morning related to the upcoming Trump inauguration.
Trump’s Inauguration Will Include a “Crypto Ball”
Trump’s inauguration will reportedly include a “Crypto Ball” with technology leaders celebrating him as the “first crypto president.”
The event is scheduled for this Friday, January 17, in Washington DC, at 8:00 PM. The event will be hosted by BTC Inc. and Stand with Crypto foundation and the general admission will be $2.500 per person.
The new Trump administration is expected to bring BTC and crypto-friendly policies that will support the entire ecosystem.
Trump Expected to Issue BTC and Crypto Executive Orders
On his first day of presidency, Trump is expected to issue executive orders regarding Bitcoin and crypto, according to recent reports by The Washington Post .
The publication notes that David Sacks and other members of the Trump transition team have been working closely with crypto leaders to finalize and legislative strategy.
Trump’s suite of executive orders is expected to include the following:
- De-banking issues
- The repeal of a controversial crypto accounting policy
The controversial crypto accounting policy refers to the requirements of banks holding digital assets to count them as liabilities on the bank’s own balance sheet.
The Washington Post notes Trump’s policies and his new cabinet are expected to support the crypto industry, leading to bullish moves in 2025 for BTC and the crypto market and increased global adoption.
Bitcoin and Crypto Adoption Outpaces Internet and Mobile Phones
Recently, BlackRock addressed the growing Bitcoin and crypto adoption, highlighting that it outpaces the internet and mobile phones.
BlackRock notes 2024 was an impressive year for the entire crypto ecosystem, pushing BTC above the important psychological level of $100,000. BTC institutional adoption played a key role in this move forward, and it’s expected to intensify this year, helping take the digital asset to new ATHs .
