Crypto executive order reportedly planned by Trump leads to Bitcoin price increase.

On Friday, crypto enthusiasts rejoined the rally after hearing reports that President-elect Donald Trump might issue an executive order prioritizing crypto on his first day in office.

The flagship cryptocurrency's price increased by nearly 2% to $102,639.13, while the broader crypto market, measured by the CoinDesk 20 index, rose by 1% after a 4% increase on Thursday.

In premarket trading, shares of exchange operators and advanced about 3% each. Trading platforms have benefited from increased trading activity in small cap cryptocurrencies, with appetite for smaller cap, higher risk coins growing ahead of Trump's inauguration, with and surging double digits in the past two days.

According to a Bloomberg report on Thursday, Trump may establish a crypto advisory council, which would enable the industry to have a say in his administration. The New York Times reported on the same day that a bitcoin stockpile is being considered as part of a possible executive order that would address various aspects of crypto policy.

Bitcoin may experience a rocket ship rally if a national stockpile or reserve is implemented, but coins and crypto projects outside of bitcoin may benefit more from clear and supportive policy and regulation, as they have been more targeted by Biden administration lawsuits and alleged banking discrimination.

Bitcoin has been closely following the stock market this year. Since late December, it has been in consolidation mode, with Federal Reserve chair Jerome Powell sounding an inflation alarm that subsided this week after two cool December inflation reports. Bitcoin ETFs have experienced more than $1 billion in inflows in the past two days.

Expectations for bitcoin to reach a new record are high among investors, as they anticipate announcements from the incoming administration next week. This heightened anticipation comes after warnings from Wall Street this month that while having a pro-crypto Congress and White House in 2025 will be beneficial for innovation in the industry and asset class, it may take some time for the market to feel the impact.

"JPMorgan analyst Kenneth Worthington stated in a note this week that the new administration and SEC chairman have opened up new opportunities for cryptocurrency innovation. However, he noted that the lack of significant market capitalization of other tokens and low investor interest in exchange-traded products may not lead to a meaningful next wave of cryptocurrency launches."

Bitcoin's value on Dec. 17 was $108,327.01, and it has increased by 9% in 2025.