U.S. president Donald Trump has signed an executive order that will make it easier for 401(k) retirement accounts—which hold a combined $12.2 trillion—to hold bitcoin and

Bitcoin and other cryptocurrencies were rallying on Friday after an executive order from President Donald Trump gave the digital-asset sector a boost. The world’s largest token was up 1.4% to $116,605 over the past 24 hours, according to CoinDesk data. It’s now trading about 5% off the record high it hit in mid-July.