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Bitcoin Surges as Trump Signs Executive Order on Crypto
Bitcoin has rebounded, pulling the entire market into the green, after President Donald Trump signed an executive order on crypto.
Bitcoin surged to $106,000 after President Donald Trump signed an executive order on cryptocurrencies and the creation of a “national digital asset reserve.
On January 24, US President Donald Trump officially signed an executive order establishing a working group on digital assets. The group’s main mission is to promote the United States’ leadership in the cryptocurrency industry and plan to build a strategic national digital asset reserve.
While the order is a significant step forward for the cryptocurrency sector, it falls short of a comprehensive national strategy dedicated to Bitcoin reserves, which many investors had hoped for. This has caused Bitcoin prices to slightly correct.