Bitcoin, XRP and other digital assets rose early Friday, but failed to reach new highs despite fresh crypto friendly moves by President Trump.The world’s largest digital coin, Bitcoin, is up 3.3% over the past 24 hours to $105,

Bitcoin and other cryptocurrencies recoiled after Trump's first set of policies following inauguration did not refer to this asset class.

The price of bitcoin has surged to over $109,000 just hours ahead of President-elect Donald Trump's inauguration, as a pumped up cryptocurrency industry expects early action by him soon after he takes office.

Bulls hope the new initiative is a sign the president remains committed to the sector, after his first day in office left them feeling underwhelmed.