Crypto Market in Limbo as Trump Omits Sector From Day One Orders

Bitcoin held a retreat from a record as traders awaited crypto policy directives from President Donald Trumpfollowing his inauguration.

The market was expecting an executive order in support of the digital-asset sector but it didn’t appear in Trump’s blitz of actions on his first day in office. He focused instead on topics such as immigration, trade, energy and TikTok.

The original cryptocurrency changed hands at about $103,800 as of 7:11 a.m. Tuesday in New York. The token hit a peak of $109,241 ahead of Trump’s swearing in before falling back. Most other digital assets also wavered.

“It’s premature ...