Bitcoin (BTC) 
$77,420 reached a record high against the British pound and its strongest price level in U.S. dollars in 2025. This surge coincides with increasing anticipation of a crypto-friendly era as Donald Trump is set to assume office next week.
Recent Developments in the Crypto Market
BTC exceeded $105,000 during U.S. trading hours, reflecting a 5.2% increase over the last 24 hours. The CoinDesk 20 Index also entered an upward trend, led by BTC. Among the index components, only NEAR and Litecoin (LTC) mirrored Bitcoin’s gains, while Solana 
$84 (SOL) and Ethereum (ETH) 
$2,287 lagged with a 3% increase. XRP, on the other hand, fell by 4%.
Stocks related to cryptocurrencies are also trending upwards. MicroStrategy, the largest institutional holder of BTC, saw a 7% rise, while Coinbase climbed by 4.5%. Major Bitcoin miner MARA Holdings stood out with a 13% increase.
All Eyes on Trump
The most significant development is anticipated with Trump’s inauguration on January 20. During his campaign, Trump promised to position the U.S. as a leader in the crypto space and to establish a national Bitcoin reserve. According to Bloomberg, Trump plans to issue an executive order making digital assets a “national priority.”
Bitcoin has managed to break its multi-week downward trend, aiming for the December record price. John Glover, chief investment officer of Ledn, noted that Bitcoin’s technical outlook remains constructive, suggesting that it could reach $128,000 in the coming months, with diminishing chances of revisiting recent lows.
In conclusion, Trump’s positive crypto policies and ETF inflows contribute to rising prices in the Bitcoin market. Investors are closely monitoring the new administration’s moves regarding digital assets. Bitcoin’s future performance will likely depend on how these policies are implemented.
