Bitcoin edges higher as investors shake off initial Donald Trump Day One disappointment

Bitcoin, the world’s largest cryptocurrency, edged higher in choppy trading on Tuesday after backing off its fresh Monday record amid investor disappointment over U.S. President Donald Trump’s failure to unveil crypto-friendly policies on his first day in office. Bitcoin hit a record high $109,071 on Monday when Trump – who has pledged to be a “crypto president” – was sworn in, but the cryptocurrency pared those gains and traded lower in European and Asian hours after crypto failed to feature in Trump’s flurry of executive actions on Day One. It later gained 2.40% to $105,009.35 in U.S. trading hours, while Ethereum, the second-largest cryptocurrency, rose 0.84% to $3,308.53, as the market started to shake off some of that disappointment.