Bitcoin's price has seen a nice jump today. It rose over 3% in the last 24 hours, hitting around $105,750 as of January 24. This surge follows a significant move by President Donald Trump.

On January 23, he signed an executive order that creates a working group focused on digital asset markets. This step is important for the U.S. as it aims to strengthen its position in the fast-changing world of cryptocurrency.

The order includes a directive to explore the idea of a strategic national digital assets stockpile. This has sparked excitement about the government's growing acceptance of blockchain technology and digital currencies.

However, it stops short of officially announcing a national Bitcoin reserve. Many Bitcoin investors were hoping for this. The uncertainty caused a brief dip in Bitcoin’s price, which fell to $102,220 right after the announcement.

But the initial negative reaction didn’t last long. U.S. Senator Cynthia Lummis, a known supporter of Bitcoin, posted a mysterious message on X, saying, “Big things are coming.” This got people speculating that the U.S. might be getting ready to adopt Bitcoin as a strategic reserve asset.

In reality, Lummis was referring to her new role as chair of the Senate Banking Subcommittee on Digital Assets. Her message, along with the executive order, generated a lot of optimism among crypto leaders. For instance, Binance co-founder Changpeng Zhao hinted that Bitcoin could play a role in the U.S. national digital assets strategy.

This article doesn’t offer investment advice or recommendations. Every investment comes with risks. It’s important for readers to do their own research before making any decisions.