Bitcoin gets Trump bump 📈

Ahead of Trump's inauguration, Bitcoin and Dogecoin hit 2025 highs Friday following XRP's close call with breaking its all-time high mark.

Author

Andrew Hayward
January 17, 2025

Together with:

📝 What you need to know

With Donald Trump’s inauguration on the other side of the weekend, Bitcoin and other major assets spiked Friday.

BTC shot up to nearly $106,000 while Dogecoin added to its massive weekly spike, and both reached their highest respective prices so far in 2025. And while XRP fell short of breaking its own all-time high price on Thursday, it remains just shy of that mark and is up 39% over the last week.

Trump’s win in November helped propel the crypto market to new heights, and after some volatility around the holidays, top coins are now getting another leg up.

Bitcoin Spikes to 2025 High Price Near $105K Ahead of Trump Inauguration

The price of Bitcoin climbed to its highest point in nearly a month Friday, surging past $104,000 on the eve of Donald Trump’s inauguration.

Wyoming and Massachusetts Join Growing List of States Considering Bitcoin Reserves

State Bitcoin reserve momentum is still growing, while Coinbase backed the idea of a federal BTC stockpile for the first time publicly.

Digital Currency Group Agrees to Settle SEC Charges for $38 Million

Digital Currency Group and former Genesis CEO Michael Moro will settle charges with the SEC over charges that the firms misled investors.

Sony Just Launched an Ethereum Network—Will It Get PlayStation Games?

PlayStation maker Sony launched its Ethereum network Soneium this week, and games are coming—but will we see Kratos and other PS5 icons?

How Crypto Exchanges Are Evolving Transparency

The latest update to crypto exchange Gate.io’s proof of reserves system incorporates zero-knowledge proofs for extra security and privacy.

Sponsored post by Gate.io

🤡 Meme of the Day

From our partner

Walrus revolutionizes decentralized data storage with a secure, scalable, & cost-efficient solution for Web3 applications on any chain. Builders and users benefit from high-speed, reliable data access, with Decrypt and One Championship already joining the herd. Join the Quest and get to know Walrus!

🌐 From Our Hubs

🎮️ GG: Nintendo Switch 2 Preview: Everything You Need to Know

The Nintendo Switch 2 has been officially revealed. Here's what you need to know about the console, games, release date, and price.

🤖 EMERGE: Maserati Combines AI and Speed in the MC20 Supercar

The Maserati MC20 Coupé, showcased at CES, combines self-driving AI and high-speed supercar thrills.

🎭️ SCENE: Did You Know David Lynch Made NFTs With Rock Band Interpol?

Auteur filmmaker David Lynch, who passed away this week, debuted a little-known series of audiovisual Ethereum NFTs back in 2021.

📚 Watch and Learn

📹️ WATCH: UNDER EXPOSED EP8 - AI Coins and the Future Under a Bitcoin Presidency

MoonPay acquired Solana-native crypto payment processor Helio for $175M. The Jupiter team rolled out a new onboarding method allowing the gifting of SOL to friends with a few button clicks. Over 8M HYPE was staked in the first day following the ANIME announcement that some tokens would go to HYPE stakers, and more.

🎓️ LEARN: What Is a Bitcoin Supercycle? How Institutional Crypto Adoption Could Reshape the Economy

Rising prices and institutional adoption could position Bitcoin at the center of a new financial era. Here’s how it works.