Bitcoin rose on Monday, continuing its strong recovery since the end of last week as cryptocurrency markets celebrated an order from U.S. President Donald Trump allowing pension funds to invest in this sector.

The second-largest cryptocurrency, Ether, also advanced after surpassing the $4,000 level last week, remaining close to the record levels it reached during the bull run in 2021.

Prices of other cryptocurrencies also increased, showing strong gains since the end of last week, especially following the executive order issued by Trump.