Bitcoin rose on Friday, extending its recent gains after US President Donald Trump signed an order aimed at allowing more alternative assets, including cryptocurrencies, to be used in 401(k) retirement accounts.
Altcoins posted much stronger gains, with Ether nearing its 2021 high, while XRP rose as the long-running lawsuit between issuer Ripple and the US Securities and Exchange Commission concluded.
But gains still appeared volatile amid deteriorating global risk appetite after Trump's trade tariffs on major economies took effect. Bitcoin was also trading well below its intraday high.
The world's largest cryptocurrency rose 1.7% to $116,570.2
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