Bitcoin, Ethereum and Dogecoin Spike on Optimism Over New Trump Presidency

Bibhu Pattnaik

January 18, 2025

The cryptocurrency market saw a notable surge on Saturday. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) all experienced a rise in value, as traders anticipate a potential ‘Trump bump’ with the upcoming second Donald Trump presidency.

What Happened: The crypto market sprung to life on the final trading day before the Trump administration takes over. Bitcoin spearheaded the rally, surging 2.81% and almost touching $104,987 per token. Ethereum (ETH -0.22%) and Dogecoin (DOGE -0.16%) also saw gains.

There is widespread speculation that President-elect Trump will prioritize cryptocurrency, with rumors of an executive order on his first day in office. This might include the appointment of a more crypto-friendly chairman for the Securities and Exchange Commission.

However, traders are advised to be cautious of the speed of policy changes in Washington. While changes to the industry’s rules may require congressional action, this doesn’t necessarily translate to a direct value gain for meme coins and blockchain tokens.

Instead, it could lead to assets like stocks and bonds trading on the blockchain and more business formation taking place on the blockchain.

Also Read: EXCLUSIVE: Eric Trump Declares Bitcoin The Future, Details Tax-Free Crypto Goals For Trump Presidency

Despite the current speculation-driven surge, the market may face disappointment if the news doesn’t meet high expectations.

The Federal Reserve cannot make Bitcoin or any other cryptocurrency a reserve currency without Congressional action, which seems unlikely in the current political climate.

The market movement today is largely driven by speculation that Trump will be beneficial for the crypto market. However, similar speculation in 2021 led to a market crash in 2022, cautioning investors against buying tokens based solely on speculation.

Why It Matters: The potential for a ‘Trump bump’ in the cryptocurrency market is significant, given the President-elect’s rumored focus on this sector.

However, the history of speculation-driven surges and crashes in the crypto market serves as a warning to investors. The potential for policy changes under the new administration could have far-reaching implications for the industry, but these changes are uncertain and could take time to implement.

Is Elon's Empire Crumbling? - Ad

No.1 Opportunity for 2025 [Take Action Now!] - Ad

What's inside Elon's building in Memphis will shock you - Ad

A Hawaii real estate investor and broker are suing Shohei Ohtani, claiming the Los Angeles Dodgers star and his agent got them fired from a $240 million luxury housing development on the Big Island’s coveted Hapuna Coast that they brought him in to endorse.

USA Rare Earth Q2 FY2025 Earnings Call Transcript

USA Rare Earth reported Q2 earnings, aiming to build a profitable and integrated supply chain for rare earths. Focus on mining, processing, recycling and serving diverse customers.

Our No.1 AI Stock Has Nothing to Do With Tech

Our No.1 AI Stock Has Nothing to Do With Tech - Ad

Nvidia CEO Jensen Huang recently said AI requires "100 times more" power. We believe that means the best way to invest in AI right now has nothing to do with technology ... And everything to do with energy. One stock appears to be perfectly positioned...

Trump says Intel CEO has an 'amazing story' days after calling for his resignation

Less than a week after demanding his , President Donald Trump is now calling the career of Intel's CEO an “amazing story.”

Jim Cramer Recommends This 'Really, Really Good' Energy Stock

Cramer also looks at Shutterstock and Getty. One of these companies "doesn't really have the growth" that he'd like to see.

The Surprising New Date That Could Fuel the AI Boom

The Surprising New Date That Could Fuel the AI Boom - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

Trump To Judge Putin 'In The First Two Minutes' — Will Walk Out If No Fair Deal: 'That'll Be The End'

President Donald Trump signaled his expectations for his summit with Russian President Vladimir Putin, stating he was prepared to walk away if a deal could not be reached.

Binance Founder Zhao Seeks Pardon From Trump For Money-Laundering Violations

Changpeng Zhao is seeking a pardon from President Trump for money-laundering violations.

Better Than Bitcoin? (Top Crypto for Less Than $1)

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

Musk says he plans to sue Apple for not featuring X or Grok among its top apps

Billionaire SpaceX, Tesla and X owner Elon Musk says he plans to sue Apple for not featuring X and its Grok artificial intelligence chatbot app in its top recommended apps in its App Store.

Paula Deen has abruptly closed the Savannah restaurant that launched her to Food Network fame

SAVANNAH, Ga. (AP) — Former Food Network star Paula Deen announced Friday the abrupt closure of the Savannah restaurant that launched her to fame with its menu of fried chicken, banana pudding and other indulgent Southern dishes.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Asian shares advance on relief that Trump is delaying higher China tariffs

TOKYO (AP) — Asian shares mostly advanced Tuesday after for another 90 days.

Anthony Scaramucci Says Wall Street Fooling Itself On Trump Leaving In 2028: Who Builds A $200 Million Ballroom And 'Moves Out' In 3.5 Years

Anthony Scaramucci challenges Wall Street's optimism about Trump's departure and warns that the full economic impact of his tariffs, including rising inflation, is yet to be felt.

Weiss Gold Veteran Makes Shocking New Call

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Rivian Set To Launch OS Update Enhancing Safety And Entertainment Features

Rivian Automotive stock is up on reports of new software update with improved autonomous features and integration of Google Maps and Alexa.

Shaquille O'Neal Admits Family Mistakes Left Him Lonely in 76,000-Square-Foot Home: 'I Know I Messed Up And When I Didn't Have That, I Was Lost'

Shaquille O'Neal once opened up about the personal challenges he faced in the aftermath of his divorce, attributing his feelings of loneliness to his own mistakes.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Align Technology Stock Tumbles Wednesday: What's Going On?

Align Technology shares are tumbling in Wednesday's after-hours session after the company reported worse-than-expected results for the second quarter and issued soft guidance.

Circle Announces Stablecoin Payment Blockchain Arc

Circle Internet Group announces plans to launch Arc, a Layer 1 blockchain for stablecoin payments and capital markets. Testnet expected in fall 2025.

Gold Is Being Reintroduced Into the Monetary System

Gold Is Being Reintroduced Into the Monetary System - Ad

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

Gartner, Eli Lilly, And The Trade Desk Are Among Top 10 Large Cap Losers Last Week (August 4-August 8): Are The Others In Your Portfolio?

Large-cap laggards slid on weak results/guidance, cuts and capital moves—led by The Trade Desk, Fortinet, Super Micro, Gartner and Eli Lilly.

US July budget deficit up 20% year-over-year despite record Trump tariff income

WASHINGTON (AP) — The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in record income from President Donald Trump’s tariffs, according to Department data released .

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

New Jersey US Attorney Fired After Being Chosen Over Former Trump Lawyer Alina Habba

The U.S. Attorney for the District of New Jersey, Desiree Leigh Grace, has been dismissed by the Justice Department.

Inflation likely moved higher last month as tariffs bite, putting the Fed in bind

WASHINGTON (AP) — Inflation likely ticked up in July for the third straight month as lift the cost of imported goods such as furniture, appliances, and toys, which could make it harder for the Federal Reserve to cut short-term interest rates as President Donald Trump .

No.1 Opportunity for 2025 [Take Action Now!]

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Dan Bongino Stunned by FBI's Recent Corruption Findings: 'I'll Never Be the Same After Learning What I've Learned'

FBI Deputy Director Dan Bongino has expressed deep concern over the discoveries of government corruption and weaponization.

Berkshire Hathaway Faces $3.8 Billion Loss Tied to Kraft Heinz Stake

Berkshire Hathaway has reported a $3.8 billion impairment on its stake in Kraft Heinz, marking a significant setback for the billionaire investor.

What's inside Elon's building in Memphis will shock you

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

Trump pressures China and India to stop buying cheap Russian oil

U.S. President Donald Trump is pushing and to stop buying oil from Russia and helping fund the .

Anthony Scaramucci Ridicules Trump's Job Numbers and Charts: 'There's a Slowdown Coming'

In the wake of the Bureau of Labor Statistics head's dismissal, Anthony Scaramucci has ridiculed President Trump's recent efforts to rectify the situation.

Our No.1 AI Stock Has Nothing to Do With Tech

Our No.1 AI Stock Has Nothing to Do With Tech - Ad

Denny's CEO Asks Potential Hires Only Two Questions But Reveals It 'Doesn't Matter What The Questions Are' — Here's Why

Denny's CEO Kelli Valade shares her hiring strategy of looking for red flags and self-awareness through thoughtful questions, not just answers.

Mark Cuban Says This Trump Administration Move Is 'One Of the Dumbest….'

Mark Cuban slams Commerce Dept's plan to charge patent holders a percentage of their patent value as 'dumbest idea in business history'.

The Surprising New Date That Could Fuel the AI Boom

The Surprising New Date That Could Fuel the AI Boom - Ad

$7K worth of Labubu dolls stolen from Los Angeles store, authorities say

LOS ANGELES (AP) — A group of masked thieves stole about $7,000 worth of Labubu dolls from a Los Angeles-area store earlier this week, authorities said.

Trump opens the door for private equity and crypto as 401(k) retirement plan options

NEW YORK (AP) — Millions of Americans saving for retirement through could have the option of putting their money in higher-risk private equity and cryptocurrency investments, according to an signed Thursday by President Donald Trump that could give those financial players long-sought access to .

Better Than Bitcoin? (Top Crypto for Less Than $1)

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

How India ended up facing steep US tariffs despite its strategic partnership

NEW DELHI (AP) — U.S. President Donald Trump has vowed for its purchases of , bringing the combined tariffs imposed by the United States on to 50%. India has called the additional tariffs “unfortunate.”

Trending Now