PANews reported on January 18 that according to Bloomberg, with only a few days to go before the second presidential inauguration of Trump, who supports cryptocurrency, Bitcoin seems to be back on track for record highs. Bitcoin has risen by about 12% since last Sunday, and is expected to record its largest weekly gain since the election week in November. Bitcoin reached a record high of $108,315 in December last year, but fell in three of the past four weeks. Zaheer Ebtikar, founder of crypto fund Split Capital, said: "The market is currently digesting Trump's inauguration and his optimism about cryptocurrency."

Earlier news, Trump plans to issue an executive order to elevate cryptocurrency to a policy priority and give industry insiders a say in his government.