Bitcoin and Other Cryptocurrencies Experience Rally, Reaching Highest Price Since December 18

Bitcoin led a surge in the cryptocurrency market on Friday, reaching its highest value since December 18th. Other major digital assets, such as ether, XRP, and Solana, also experienced significant gains from their Monday lows. This recovery was part of a broader rebound across financial markets following an inflation report on Wednesday and reports of President-elect Donald Trump's plans to support digital assets when he takes office next week. Trump is said to be considering an executive order that designates crypto as a national priority and establishes a crypto advisory council, with the possibility of a national bitcoin stockpile being included. However, the idea of a national Bitcoin stockpile raises concerns about oversight and its potential impact on the strength of the US dollar, and it may take until after 2025 to address these concerns and begin purchasing Bitcoin.