The new peak above $109,000 was reached Monday, and stock futures rose. Since Trump was elected, bitcoin has surged more than 50%.

By Tom Westbrook, Elizabeth Howcroft, Chibuike Oguh NEW YORK/SINGAPORE/PARIS (Reuters) -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.

Bitcoin retreated from a record high amid heightened swings in crypto markets around Donald Trump’s inauguration as the 47th US president.

The absence of any immediate imposition of broad tariffs in the wake of President Trump’s inaugural speech also provided some relief to equities.

The dollar drifted slightly higher on Wednesday in indecisive trading as a lack of clarity on President Donald Trump's plans for tariffs kept financial markets guessing. Trump said late on Tuesday that his administration was discussing imposing a 10% tariff on goods imported from China on Feb.

Global stock markets rose on Tuesday, after US President Donald Trump stopped short of announcing new tariffs on his first day in office. The three main US indexes ended the day higher, while shares in Europe and Asia also made modest gains.

"I think he is excited about it. I mean, he really wants to be the first bitcoin president," Coinbase ( COIN) CEO Brian Armstrong told Yahoo Finance at the World Economic Forum in Davos, Switzerland. Armstrong met with Trump before and after the election to advocate for the crypto industry.

The ghost of John McAfee's bold Bitcoin bet lives on as industry leaders make astronomical price predictions—minus the anatomical wagers.

Donald Trump's second term as U.S. president will draw a lot of investment into crypto, the CEO of Coinbase told a panel discussion at the World Economic Forum in Davos. "The Trump effect cannot be denied.