Loading cryptocurrency prices...

Trump’s Crypto Pivot Sends Bitcoin Soaring Past $105,000

Bitcoin Hits $105K While XRP Surges to $3.4 Amid Trump's Pro-Crypto Stance

  • Bitcoin surpasses $105,000, recovering from a brief dip below $90,000.
  • President-elect Trump’s pro-crypto stance drives market optimism.
  • XRP reaches record $3.4 price point with $190 billion market capitalization.
  • Ripple CEO meets with Trump to discuss federal cryptocurrency reserves.
  • Coinbase introduces new bitcoin-collateralized lending program through Morpho protocol.

Bitcoin’s price surged past $105,000 on Friday, marking a new 2025 high as cryptocurrency markets respond to anticipated policy shifts under the incoming Trump administration. The leading digital asset’s recovery from its recent $90,000 low reflects growing investor confidence in potential regulatory changes.

- Advertisement -

Trump’s Crypto Vision Shapes Market Sentiment

Donald Trump‘s campaign platform includes establishing the United States as a cryptocurrency leader, including plans for a national bitcoin reserve. The president-elect’s team is preparing an executive order to prioritize digital assets and establish an industry-focused advisory council, according to sources familiar with the matter.

The cryptocurrency industry has aligned itself with the incoming administration, with companies like Circle and Ripple contributing to Trump’s inaugural committee. The scheduled “Crypto Ball” in Washington D.C. demonstrates the sector’s growing political influence.

XRP’s Record-Breaking Performance

XRP, the digital asset associated with Ripple Labs, achieved an unprecedented value of $3.4, representing a 40% weekly increase. The token’s market capitalization reached $190 billion, benefiting from expectations of favorable regulatory treatment under the new administration.

Brad Garlinghouse, Ripple’s CEO, recently discussed cryptocurrency stockpile initiatives with Trump at Mar-a-Lago, as reported by the New York Times. The company’s recent launch of RLUSD, a dual-chain stablecoin, strengthens its market position.

- Advertisement -

Coinbase Reinvents Crypto Lending

Coinbase has launched a new cryptocurrency lending service allowing U.S. customers to borrow up to $100,000 in USDC stablecoins using bitcoin as collateral. The program operates through the Morpho protocol on Base blockchain, requiring over-collateralization to secure loans.

The process involves converting bitcoin to “cbBTC” tokens for use on the Morpho platform. Users must maintain collateral values above 86% to avoid liquidation. This approach offers a tax-efficient alternative to selling appreciated bitcoin positions, which would trigger capital gains taxes.

The initiative follows Coinbase’s previous 2020 Borrow program, which was discontinued for retail clients in 2023. The new version incorporates decentralized finance (DeFi) elements and plans to expand its supported assets and markets.

✅ Follow BITNEWSBOT on Facebook, LinkedIn, X.com, and Google News for instant updates.

Consider a small donation to support our journalism

Previous Articles:

- Advertisement -

Latest News

Trump Imposes 50% Tariff on India, Cites Russian Oil Imports

Russian oil imports were at the center of trade tensions between India and the...

Bitcoin Struggles to Recover After $19B Liquidation and ETF Slump

Bitcoin is going through a phase of rebuilding market confidence after a major sell-off...

Apple Joins Robotics Race as TSLA Faces Rising Mag-7 Competition

Apple is expanding manufacturing in Vietnam to build tabletop robots and smart home devices. Morgan...

Trump Confirms US-China Trade War, Bitcoin Market Reacts to Tariffs

President Donald Trump has declared that the United States is currently in a trade...

Amazon to Hire 250K for Holidays Amid Layoff, $19–$23/hr Pay

Amazon plans to hire 250,000 seasonal and permanent workers across the U.S. for the...
- Advertisement -

Must Read

Top 10 Best Blockchain Games

If you want to know about the best blockchain games then read this article carefully. We listed the best games you can play and...