Trump’s Expected Executive Orders, Bitcoin’s Bullish Rally, and More: This Week in Cryptocurrency

The week was full of important developments, starting with the anticipation of the president-elect Donald TrumpExecutive Orders for Bitcoin’s Bullish Rally. Here’s a quick summary of the top stories that made headlines.

Trump’s first day executive orders

Betting markets are anticipating a wave of executive orders from President-elect Trump on his first day in office. Traders on the CFTC-regulated Kalshi platform expect Trump to sign at least 15 executive orders, with the boldest betting on 50 or more. The early days of the Trump administration are expected to be highly significant, with potential changes to tariffs, immigration, and Bitcoin policies.

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Bitcoin’s bullish rise

Cryptocurrency trader Michael van de Poppe expects a major bull run in Bitcoin as it crosses the $100,000 mark before Trump’s inauguration. He also notes that altcoins, especially those in the Ethereum ecosystem, are likely to outperform Bitcoin.

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Trump’s crypto-friendly approach

Reports indicate that Trump is preparing to issue executive orders to create a more favorable environment for cryptocurrency companies. These actions are expected to take place shortly after he takes office, representing a major shift in the regulatory landscape for digital assets.

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DCG settles with SEC

DCG has agreed to settle with the US Securities and Exchange Commission (SEC) over misleading investors. DCG and its former CEO, Soichiro “Michael” Moro, will collectively pay $38.5 million to the Securities and Exchange Commission to resolve charges of providing false information about the financial condition of Genesis Global Capital.

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Bullish signal for altcoins

As Bitcoin crossed the $100,000 mark, the cryptocurrency analytics firm noticed a bullish signal for altcoins. The company has observed a significant increase in whale transactions for several altcoin projects, indicating that investors may soon be using these stablecoins to acquire altcoins.

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This story was created using Benzinga Neuro It was edited by Ronak Jain