Trump’s Expected Executive Orders, Bitcoin’s Bullish Rise and More: This Week in Crypto

The week was filled with significant developments, from the anticipation of the newly elected president Donald Trump‘s executive orders for the bullish wave of Bitcoin. Here’s a quick summary of the main stories that made headlines.

Trump’s Day 1 Executive Orders

Betting markets are predicting a flurry of orders from President-elect Trump on his first day in office. Traders on CFTC-regulated platform Kalshi expect Trump to sign at least 15 orders, with the most aggressive betting on 50 or more. The first days of the Trump administration are expected to be highly consequential, with potential changes in tariffs, immigration and Bitcoin policies.

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Bitcoin’s Bullish Surge

Crypto trader Michaël van de Poppe predicts a significant bullish rally for Bitcoin as it crosses the $100,000 mark ahead of Trump’s inauguration. He also suggests that altcoins, especially those in the Ethereum ecosystem, are likely to outperform Bitcoin.

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Trump’s crypto-friendly approach

Reports suggest that Trump is preparing to issue orders to create a more favorable environment for cryptocurrency businesses. These actions are expected to take place shortly after he takes office, marking a significant shift in the regulatory landscape for digital assets.

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DCG settles with SEC

Digital Currency Group (DCG) agreed to settle with the US Securities and Exchange Commission (SEC) for misleading investors. DCG and its former director, Soichiro “Michael” Moro, will pay a combined $38.5 million to the SEC to resolve charges related to providing false information about the financial condition of Genesis Global Capital.

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Altcoins’ Bullish Signal

As Bitcoin surpasses the $100,000 mark, a crypto analytics firm has observed a bullish signal for altcoins. The firm noted a significant increase in whale transactions for several altcoin projects, suggesting that investors may soon use these stablecoins to acquire altcoins.

Read the entire article here.

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Photo courtesy: Shutterstock

This story was generated using Benzinga Neuro and edited by Rounak Jain