There’s no doubt about it, Bitcoin is back. The original cryptocurrency is priced well above $100,000, marking a gain of 160% over the past 12 months. Crypto enthusiasts are crowing that 2025 is a breakout year for digital currencies—thanks largely to President Donald Trump’s vociferous support.

Trump is also still expected to issue executive orders that will further promote Bitcoin adoption, Reuters and other media outlets have reported.

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 executive order, as a whole, is mostly aspirational and symbolic. But the direction it points, I think, is quite bullish," a crypto market source told BI.

CNBC’s Mackenzie Sigalos joins 'Power Lunch' to discuss Trump's latest executive order that impacts the crypto sector.