Cryptoassets follow bitcoin's rise before Trump's inauguration – 01/17/2025 at 3:40 p.m.

Cryptoassets follow bitcoin's rise before Trump's inauguration – 01/17/2025 at 3:40 p.m.
Cryptoassets follow bitcoin's rise before Trump's inauguration – 01/17/2025 at 3:40 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

January 17 – **Stocks of cryptocurrency and blockchain-related companies jump as bitcoin gains more than 2%

**Bitcoin BTC=, the world's largest cryptocurrency, rose 2.5% to $102,595

** Bitcoin poised for its best weekly advance since November, ahead of Donald Trump's inauguration as US president on Monday

** Market participants expect a much more favorable regulatory regime for digital assets under Trump, who has promoted bitcoin and named a crypto-friendly candidate to head the Securities and Exchange Commission. stock market) of the United States

** Cryptocurrency exchange Coinbase Global COIN.O rises 5%

** Cryptocurrency miners are on the rise: Riot Platforms Inc RIOT.O up 5.1%, Marathon Digital

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MARA.O up 6.5%, Hut 8 HUT.O up 5.9%, and Bit Digital BTBT.O up 3.2%

**BTC buyer MicroStrategy MSTR.O rises 5.6%

** iShares Bitcoin Trust ETF and up 2.8%

**Bloomberg News reported Thursday that Trump could issue an executive order to designate cryptocurrencies as a national priority in the first days of his term

**Bitcoin is up more than 9% this year; he has gained 48% since the November 5 presidential election

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