Bitcoin has reclaimed $96,000 after a rough start to the week. At time of publication, the leading cryptocurrency is trading at around $96,580, up 5.8% in the past 24 hours, according to CoinGecko data.

The sudden jump comes amid reports that President-elect Donald Trump is preparing to issue a pro-crypto executive order shortly after his inauguration. Sources told Decrypt earlier this week this could include a new crypto council consisting of 20 CEOs and industry leaders, as well as the abolition of SEC regulations that deter conventional banks from holding crypto.

The news comes after investors appeared to have been retreating from Bitcoin ETFs in recent days, which have recorded consecutive outflows every day since January 8, according to data from Farside Investors, when investors pulled out $569 million.