5 min readBitcoin surged across the key 100K milestone on Friday, boosted by growing optimism surrounding President Trump’s inauguration next week.
The price has rallied hard from Monday’s low of 89.2K, reaching a high today of 102k, as investors bring the 108k all-time high back into focus.
Bitcoin’s rally comes as investors keenly await more crypto-friendly policies under the incoming Trump administration. Trump reportedly plans to sign an executive order making crypto a policy priority and giving industry insiders key roles in shaping regulation. This would be a sharp contrast for the crypto sector, which has been a target for investigations during Biden’s administration following a slew of high-profile fraud cases, including the FTX exchange.
The creation of a national Bitcoin stockpile is also under consideration. The government currently holds 20 billion worth of confiscated Bitcoin holdings. Bitcoin’s rally of almost 50% since November has raised hopes that this stockpile could be created.
Fed rate cut expectations rise
More broadly, risk assets are being supported by falling treasury yields and a weaker USD after yesterday’s softer-than-expected US retail sales and jobless claims data, which followed an unexpected coupling in underlying inflation earlier in the week. The market is now pricing in the possibility of two rate cuts this year, up from just one at the start of the week. A lower interest rate environment benefits riskier assets such as Bitcoin.
XRP breaks out. Can it reach $4 and beyond?
XRP has rallied over 23% in 2025, outperforming Bitcoin’s more modest 3% rise. The third largest digital asset by market capitalisation booked gains of over 10% on two separate days this week, breaking through several key technical levels and reaching a new record high of around $3.40 after eight years.
XRP is experiencing strong demand due to Trump’s re-election and his decision to replace anti-crypto regulators with pro-crypto personnel. The replacement of Gary Gensler at the Securities and Exchange Commission (SEC) with crypto-friendly Paul Atkins could end a long-running SEC vs. Ripple case, potentially paving the way for XRP ETFs.
The XRP rally also comes amid a period of substantial whale accumulation. In just two months, wallets holding between 1 million and 10 million XRP have ramped up their holdings by over 37%, injecting $3.8 billion worth of XRP into their holdings. Furthermore, over the past week, wallets holding 100 million to 1 billion XRP required an additional $1.09 billion worth of tokens.
XRP’s Trump pump, which started when these large wallets started accumulating, has seen the price jump an impressive 350%. Meanwhile, HODLers are making 95% profit.
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