Bitcoin is welcoming a new era, and it’s one that’s marked by the rising political tensions with U.S. President Donald Trump smack dab in the middle of it all.

The popular digital currency finally woke up from its sleepy streak this week, boosted by the recent developments in the United States. News of Trump signing an executive order that bans citizens of seven countries from entering the U.S. over the weekend pushed bitcoin to cross the $950 barrier.

Now, bitcoin rallied a further 3.7 percent amid reports of Trump’s team exchanging barbs with German Chancellor Angela Merkel over the weakness of the euro. In an interview with the Financial Times, Trump’s trade advisor Peter Navarro accused Germany of using a “grossly undervalued” euro to hurt the U.S. economy—a statement that, of course, promptly drew the ire of the German leader.

Bitcoin has had a wild start to the new year, rallying more than 120 percent to reach $1,140.64 in early January—its highest since November 2013. The dramatic rally, however, came to an abrupt end when the digital currency’s price plummeted to $885.41 following reports that the Chinese government is eyeing to introduce cryptocurrency regulations.