Bitcoin surged 2.5% to $104,736 after Trump’s executive order on cryptocurrency, while Ethereum rose 4%. Market cap hit $2.07T amid regulatory and tech advancement plans.
Bitcoin prices surged by 2.5% on Friday following the signing of an executive order on cryptocurrency markets by US President Donald Trump.
It is valued at approximately $104,736, with its market capitalization climbing to $2.07 trillion. Over the past 24 hours, Bitcoin's transaction volume reached $100.44 billion.
Earlier this month, Bitcoin achieved its all-time high of around $109,000, coinciding with Trump's inauguration.
Ethereum also experienced a 4% increase, reaching $3,381 during the same timeframe.
These price increases were driven by President Trump's executive order, which outlines plans to regulate and advance cryptocurrency technologies in the US. The order includes the creation of a "Working Group on Digital Asset Markets" to explore the development of a national digital asset stockpile.
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Bitcoin surged to a new all-time high as expectations grow for U.S. interest rate cuts and regulatory moves favouring crypto investment, boosting investor confidence in the sector.
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The U.S. dollar strengthened and Bitcoin surged to a new record, as investors shrugged off fresh tariff threats from President Donald Trump.
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