August 10, 2025
5 min read
Coin World
Bitcoin News Today: Trump Administration Boosts Crypto Support as Bitcoin Hits $103,839
The U.S. administration under President Donald Trump has continued to signal strong support for the cryptocurrency sector, reinforcing its commitment to positioning the United States as the global leader in digital assets. In a recent public address from the White House, Trump reiterated his vision of making the U.S. the “crypto capital of the world,” emphasizing that cryptocurrencies will continue to play a significant role in the financial landscape. He also hinted at a bullish outlook for Bitcoin and other major cryptocurrencies. This statement aligns with a series of regulatory and policy actions taken by the Trump administration in 2025, including the passage of the GENIUS Act, which provided much-needed regulatory clarity for stablecoins and paved the way for institutional investment. Additionally, earlier in the year, the administration announced the creation of a strategic Bitcoin reserve, although progress on that initiative remains pending. Trump has also been placing pro-crypto officials in key government roles, signaling a broader effort to integrate digital assets into the mainstream financial system. Notably, the administration has banned the development of central bank digital currencies (CBDCs), citing concerns over surveillance and market dominance. In a significant move, Trump signed an executive order on August 10, 2025, that revisits Department of Labor guidance regarding the inclusion of alternative assets, such as Bitcoin ETFs and private equity, in 401(k) plans. This development is expected to increase access to digital assets for retail investors and could further legitimize Bitcoin and other cryptocurrencies as part of traditional financial portfolios. Eric Trump, the president’s son, also recently warned traders not to bet against Bitcoin and Ethereum, reinforcing the bullish sentiment around the space. The administration’s pro-crypto agenda has been widely seen as a catalyst for a recent market rally, with Bitcoin hitting a new price high of $120,000 per coin in late July. As of August 1, 2025, Bitcoin was trading at $103,839.00, and Ethereum was at $2,530.91. Analysts have speculated that Trump’s actions could drive Bitcoin toward $150,000 by the end of the month. However, it is important to note that these are forecasts and not confirmed outcomes. While the market has responded positively to the administration’s pro-crypto policies, some analysts have raised concerns about the potential risks of a financial bubble. For example, Henrik Zeberg, a macroeconomist at Swissblock, warned that Bitcoin and stocks could face a significant crash if the financial bubble were to burst. The upcoming inflation data and the possibility of a Federal Reserve rate cut are also expected to influence investor sentiment. According to Polymarket, there is an 82% probability that the Fed will announce a rate cut in its September meeting, a figure that could fluctuate depending on the data released this week. In summary, President Trump’s recent statements and policy actions have reinforced the administration’s bullish stance on cryptocurrencies, particularly Bitcoin. These developments are likely to continue shaping the regulatory environment and investor behavior in the coming months. Whether the market sustains its current momentum or faces volatility will depend on the broader economic context and the execution of the administration’s crypto strategy.Frequently Asked Questions (FAQ)
Trump Administration's Crypto Support
Q: What has been the U.S. administration's stance on cryptocurrencies under President Trump? A: The U.S. administration under President Donald Trump has signaled strong support for the cryptocurrency sector, aiming to position the United States as a global leader in digital assets and making the U.S. the "crypto capital of the world." Q: What is the GENIUS Act and its impact on the crypto market? A: The GENIUS Act, passed by the Trump administration, provided regulatory clarity for stablecoins, which helped pave the way for increased institutional investment in the cryptocurrency sector. Q: What was the administration's approach to Central Bank Digital Currencies (CBDCs)? A: The administration banned the development of CBDCs, citing concerns related to surveillance and market dominance. Q: How has the administration's policy potentially affected retail investors' access to digital assets? A: An executive order signed by Trump revisits Department of Labor guidance on including alternative assets like Bitcoin ETFs in 401(k) plans, which is expected to increase access for retail investors.Bitcoin Market Performance and Outlook
Q: What was the price of Bitcoin mentioned in the article? A: As of August 1, 2025, Bitcoin was trading at $103,839.00. Q: What price predictions were made for Bitcoin? A: Analysts speculated that Trump's actions could drive Bitcoin towards $150,000 by the end of August 2025, though these are forecasts and not confirmed outcomes. Q: Are there any concerns about a potential financial bubble in the crypto market? A: Yes, some analysts, like macroeconomist Henrik Zeberg, have warned about the risks of a financial bubble and a potential crash if it were to burst.Economic Factors Influencing Crypto
Q: What economic factors are expected to influence investor sentiment? A: Upcoming inflation data and the possibility of a Federal Reserve rate cut are anticipated to influence investor sentiment. Polymarket indicated an 82% probability of a Fed rate cut in September. ##Crypto Market AI's Take The current political and economic climate, as described in the article, suggests a dynamic and potentially volatile period for cryptocurrencies. The U.S. administration's proactive stance on supporting digital assets, including legislative efforts like the GENIUS Act and encouraging the inclusion of crypto in retirement plans, signals a growing mainstream acceptance. This regulatory clarity and support are often key drivers for institutional adoption, which can lead to significant price appreciation for assets like Bitcoin. Our AI-driven tools at Crypto Market AI are designed to navigate such evolving markets by analyzing vast amounts of data to identify trends and potential opportunities. For instance, our AI Agents can process news like this to provide traders with actionable insights, helping them to make more informed decisions in potentially turbulent times. ##More to Read:- Bitcoin News Today: Kiyosaki Warns of Crypto Collapse and Bitcoin Dips Below $119,000
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- Trump Executive Order on Crypto and Private Equity in 401(k) Plans
Originally published at Ainvest on Sun, 10 Aug 2025 20:34:42 GMT.