Bitcoin and other cryptocurrencies were rallying on Friday after an executive order from President Donald Trump gave the digital-asset sector a boost. The world’s largest token was up 1.4% to $116,605 over the past 24 hours,

XRP's value has soared, and Bitcoin's price continues ticking higher. However, only one of these cryptos is likely to have long-term staying power.

Bitcoin was down sharply down from its 24-hour high of above $119,000 on Friday. A further pullback could be in store.

Bitcoin edged higher early Tuesday, while other major cryptocurrencies also climbed as digital assets picked up some momentum from the stock market’s rebound.

Major cryptocurrencies including Bitcoin, Ethereum, and XRP declined Wednesday before the Fed's policy decision.

This is yet another channel of sustained, long-term demand for Bitcoin that will bid the price higher,” Ryan Rasmussen, head of research at the crypto asset management firm Bitwise, told Fortune. The rise in the crypto and equities markets follows multiple reports that Trump will sign an executive order Thursday midday that will task the Labor Department to reevaluate guidance for fund managers about whether alternative assets can be included in 401 (k)s.

Bitcoin (COIN:BTCUSD) extended its recent rally on Friday, boosted by U.S. President Donald Trump’s new executive order aimed at broadening the range of alternative assets, including cryptocurrencies,