Investing.com– Bitcoin climbed higher on Friday, but was set for a muted end to the week as crypto markets took only fleeting support from President Donald Trump’s plans for friendlier crypto regulation.
The President’s recently launched memecoin, , also extended its losing streak amid heightened volatility after its launch last week.
While risk appetite improved after Trump called for lower interest rates and flagged a less severe stance on China, traders appeared to be largely biased towards stocks.
Crypto markets were also underwhelmed by a lack of clear details on an order from Trump for the creation of a national digital asset reserve, which made no mention of Bitcoin.
rose 2.5% to $105,020.0 by 09:16 ET (14:16 GMT). The crypto was trading below record highs of over $109,000 hit earlier this week, but was also trading above the week’s lows.
