Trump's Pro-Crypto Orders Boost Bitcoin Futures, Spark Price Surge

US President Donald Trump's pro-crypto executive orders have led to a surge in buying pressure, causing Bitcoin to jump 3% and nearing last week's highs. Open interest in Bitcoin futures surged to $10 billion before quickly retreating to pre-news levels, and profit-taking is evident in the market. Despite this, crypto experts predict strong performance for Bitcoin over the next 12 months, with some forecasting a price of $140,000 or higher.

Bitcoin's price experienced a significant surge, reaching $117,000 following U.S. President Donald Trump's executive orders that opened 401(k) investments to cryptocurrencies and addressed unfair banking practices [1]. The executive orders, signed on July 2, 2025, have sparked a wave of optimism among crypto investors and experts, with Bitcoin's price increasing by 3% in a single day.

The new orders, which direct the Department of Labor to enable cryptocurrencies in retirement plans and combat unfair banking practices, have led to a surge in buying pressure for Bitcoin [1]. Open interest in Bitcoin futures surged to $10 billion before quickly retreating to pre-news levels, indicating strong initial interest followed by profit-taking [2]. Despite this, crypto experts predict strong performance for Bitcoin over the next 12 months, with some forecasting a price of $140,000 or higher.

The executive orders aim to increase financial opportunities for middle-class Americans by allowing them to invest in cryptocurrencies through their 401(k) accounts [1]. Additionally, the orders seek to address "unfair banking practices" by mandating federal agencies to remove guidance that allowed banks to cut off lawful clients due to political or religious beliefs [1]. This move is seen as a significant step in promoting transparency and equity in the treatment of crypto businesses by banks and regulators [1].

Senator Cynthia Lummis, who chairs the Senate Subcommittee on Digital Assets, praised Trump's actions, stating that they will shield the cryptocurrency industry and bring transparency to banking regulations [1]. The White House's efforts are expected to provide financial institutions with accountability in relation to discriminatory activities, ensuring a more inclusive financial system [1].

While the immediate impact on Bitcoin's price has been significant, the long-term effects of these executive orders remain to be seen. However, the move towards greater integration of cryptocurrencies into traditional finance is likely to continue, with more investors and institutions exploring the potential of digital assets.

References:
[1] https://cryptofrontnews.com/trump-orders-spark-surge-in-bitcoin-price-to-117000/
[2] https://en.bitcoinsistemi.com/donald-trump-signs-another-crypto-friendly-executive-order/