Is Trump's token the driving force behind Bitcoin's surge?

Earlier this month, the price of BTC fell to around $90,000, before reclaiming $100,000 on Thursday. Since then, the price has continued to soar, reaching an all-time high of $105,900 on Friday.

Trump's new meme token has stirred excitement in the Bitcoin and broader crypto community, as he launched his new meme token yesterday morning, sending shockwaves through the Bitcoin and cryptocurrency space.

Most analysts and traders are preparing for continued volatility in the cryptocurrency market. Nevertheless, Trump's promotion of his new meme coin has sent an optimistic signal that he intends to fulfill his crypto commitments, igniting hopes among investors.

On Friday afternoon, Bitcoin's trading price had reached $104,800, before soaring to $105,900 later that day. The trading price of Bitcoin stands at $105,283, with a 0.83% increase in the past 24 hours. Its 24-hour trading volume is $50.24 billion.

Trump has promised that he is ready to issue over 100 executive orders immediately upon taking office. Some have hinted that some executive orders will relate to Bitcoin or cryptocurrencies, with high price expectations once he is in office. During the first 100 days of Trump's term, there will likely be at least one cryptocurrency executive order.

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