Bitcoin had been one of the most spectacular "Trump trades" in financial markets, gaining 50% to break above $100,000 and hit highs since Trump's election victory in November, as he promised a bitcoin stockpile and a pro-crypto stance. An executive order on Thursday, creating a digital assets working group seemed to alleviate some disappointment that crypto reform didn't feature in a flurry of policy announcements on his first day in office, though it was light on detail.