Bitcoin recovers, Ethereum, Solana and XRP surge after President Trump allows crypto in 401(k)

The cryptocurrency market is witnessing a strong recovery, with major altcoins like $ETH , $SOL and $XRP all seeing significant price increases. The main reason is the news that President Donald Trump is preparing to sign an executive order allowing cryptocurrencies to be included in U.S. 401(k) retirement accounts.

Positive impact on the market

According to a report from Bloomberg, this order will pave the way for alternative assets such as cryptocurrencies, private stocks, and real estate to be held in 401(k) accounts. With a total asset value in 401(k) accounts reaching approximately $8.7 trillion, this news has created a strong wave of optimism in the market.

This recovery has helped Ethereum rise 7.3%, Solana increase 4.9%, and XRP gain 4.1% in the past 24 hours. Other tokens like Cardano, Dogecoin, and Sui also recorded significant increases.

This news not only helps the market recover after concerns about trade wars but also strengthens confidence in the acceptance of major investors. Although 401(k) accounts have been able to access cryptocurrencies through ETF funds, allowing direct asset holding will open up a new potential flow of funds into the market, driving sustainable growth in the crypto industry.

Source: #Decrypt