Crypto Outlook Today: How Will Trump’s Inauguration Impact Bitcoin’s Price?
Mustafa Mulla20 Jan 20254 min read
As prepares to take the oath of office for his second term on January 20, the crypto market is already reacting in a big way. Bitcoin has surged to a record-breaking $109,241, jumping 6% in just one hour, as traders speculate about what pro-crypto policies the new administration might introduce. What can we expect from …
As Donald Trump Donald Trump Donald J. Trump is a US-based business tycoon, pro-crypto politician, and 47th (present) President of the United States. He comprehends the significance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto politician. Once doubtful about Bitcoin's dominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his pool. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency. Quick Facts Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Famous For Business, Politics Donald Trump - Career Highlights & Events 2016 – Elected as the 45th President of the United States from the Republican Party. 2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments 2019 – Slammed crypto king Bitcoin on X, calls it "not money". 2025 – A gala party was hosted by him for the top 220 Trump meme coin holders. President prepares to take the oath of office for his second term on January 20, the crypto market is already reacting in a big way. Bitcoin has surged to a record-breaking $109,241, jumping 6% in just one hour, as traders speculate about what pro-crypto policies the new administration might introduce.
What can we expect from Trump’s second term, and how will his moves impact the crypto market? Read on to find out.
Trump’s Inauguration: A New Chapter for Crypto?
The inauguration ceremony will start at 12 p.m. ET (17:00 GMT), with Chief Justice John Roberts swearing Trump in for his second term. After defeating Vice President Kamala Harris Kamala Harris Kamala Harris is an American woman politician and former Attorney General. She is the former (49th) Vice President of the United States. She has been known for her vocal stance on cryptocurrency adoption and has been backed by several crypto leaders like Chris Larsen. During her tenure as Vice President, she has reached out to crypto-related companies, such as Coinbase and Circle, and lawmakers at the White House to assist in formulating clear regulations and policy frameworks for cryptocurrency adoption. Quick Facts Full name Kamala Devi Harris Birth 20-10-1964, Oakland, California, United States Nationality American Education BA from Howard University Famous for Active Politics Kamala Harris - Career Highlights & Events 2010 – Elected Attorney General of California 2016 – Became U.S. Senator for California 2020 – Elected 49th VP of the United States of America in the general elections 2022 – Supported digital equity and broadband inclusion initiatives 2024 – Advocated tech innovation and responsible AI/crypto regulation Vice President in the 2024 presidential race, Trump is returning to the White House, and the crypto market is watching closely for what might come next.
The crypto market is full of excitement, fueled by Trump’s promise to make the U.S. a global crypto hub. Just hours before the ceremony, Bitcoin hit a record $109K with a market cap of $2.15 trillion. This rise is just the beginning.
Other major cryptocurrencies also saw strong gains. Ethereum jumped by 6%, reaching $3,384.20, while XRP rose 5%, and Dogecoin increased by 2.4%. The market is buzzing with optimism as expectations grow for Trump’s crypto-friendly policies.
Pro-Crypto Cabinet Under Trump
Trump is already appointing leaders who are expected to support the crypto market. Paul Atkins, a former SEC official who supports deregulation, has been chosen to lead the Securities and Exchange Commission (SEC), signaling a more crypto-friendly approach to regulation.
David Sacks, a former PayPal executive, has been appointed the White House crypto czar. Sacks will work on creating a legal framework for cryptocurrencies, something the industry has long wanted.
In addition, Trump has formed a new Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy. The department aims to boost innovation and reduce government costs, which could create more opportunities for the crypto sector.
Experts Weigh In
Market analysts are optimistic about the impact of Trump’s presidency on digital assets. Xremlin, a well-known market expert, believes this could be a “golden era” for crypto. He predicts that U.S.-based coins and assets tied to the Trump family could see significant growth.
Eric Trump has already revealed his investments in Bitcoin, Ethereum, Solana, and Sui, showing confidence in well-established crypto assets. This move could encourage other investors to follow his lead.
Some experts speculate that Trump’s inauguration speech could drive Bitcoin prices up to $120,000 or more. With strong appointments and a clear focus on crypto, the market is likely to see further growth in the coming months.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
With a pro-crypto stance gaining momentum, the digital asset market may look very different by the time Trump finishes his second term.
FAQs
- The BTC price may range between $105,000 and $110,000 for today.
