Bitcoin saw a slight dip as traders capitalized on recent gains, just days after President Donald Trump issued a landmark executive order emphasizing the importance of the digital-assets industry to U.S. innovation.
The executive order, announced on Jan. 24, directed the creation of a working group tasked with proposing a regulatory framework for digital assets within six months. It also included plans to explore the idea of a national crypto stockpile. However, it fell short of confirming the establishment of a Bitcoin reserve — a promise Trump had floated during his campaign.
“Even though the market got most of what it wanted, the lack of an immediate Bitcoin reserve announcement left some investors disappointed,” said Sean McNulty, head of APAC derivatives at FalconX.
A Crypto-Friendly Shift in U.S. Leadership
Bitcoin has surged over 50% since Trump’s election victory in November, a reflection of the Republican leader’s newfound embrace of the crypto industry. Once a skeptic, Trump’s perspective shifted during his campaign, thanks in part to significant support from the crypto sector, including sizable political donations. His pro-crypto stance became even more apparent with the appointment of venture capitalist David Sacks as the nation’s artificial intelligence and crypto czar.
In the days leading up to his inauguration on Jan. 20, Trump and his wife Melania even launched their own memecoins, underscoring the administration’s embrace of blockchain innovation.
Market Takes a Breather Amid Bullish Momentum
While Bitcoin’s price cooled slightly, analysts view it as a natural pause after a string of positive developments. “The market is catching its breath after several bullish announcements, including pro-crypto regulatory appointments and new ETF product filings,” said Justin d’Anethan, head of sales at Liquifi.
Asian markets also showed strength following the order, but broader global markets remain mixed due to geopolitical concerns. Trump’s recent sanctions on Colombia and fears surrounding disruptive AI advancements from China’s DeepSeek have added layers of uncertainty.
What’s Next for Bitcoin?
Despite the short-term profit-taking, Bitcoin’s long-term outlook remains optimistic. Trump’s commitment to making the U.S. a global leader in crypto and AI innovation continues to provide a supportive backdrop for the market.
As the executive order’s working group begins its efforts, the crypto industry will be closely watching for the next steps in regulatory clarity and possible developments around a national crypto stockpile.
