Both Bitcoin and Ethereum have surged; this market movement is incredible! On August 8, Bitcoin's price skyrocketed, directly breaking the $117,000 barrier, and Ethereum also performed strongly, with a rise of over 6% within 24 hours, breaking the $3,900 mark. This increase is quite thrilling.
💥 Trump releases major positive news
In terms of news, U.S. President Trump signed an executive order allowing 401(k) retirement accounts to invest in cryptocurrencies. A 401(k) is a long-term retirement savings account set up by employers for employees, currently holding total assets of $8.7 trillion, with over 90 million participants nationwide. If just 2% of these funds flow into cryptocurrencies, it would mean an influx of $170 billion in new buying, which would create a stable and lasting current in the crypto market, injecting strong momentum into the 'slow bull' market for Bitcoin and Ethereum.
🧑 Expectations of Fed rate cuts stimulate enthusiasm for risk assets
Trump also nominated his economic advisor Stephen Miran as a Federal Reserve governor, which is expected to accelerate the pace of interest rate cuts by the Fed. According to the CME FedWatch tool, the likelihood of a Fed rate cut in September has surged from 40% a week ago to over 90% now. A rate cut is a significant boon for cryptocurrencies, as lower funding costs will lead to more capital flowing into risk assets, which naturally benefits cryptocurrencies. 📈
💡 Free flow of cross-chain assets: An essential tool for crypto investors
Whether in the current or future waves of capital influx, there is a key aspect we must pay attention to – the flow of cross-chain assets. Cryptocurrencies do not exist in isolation; from Bitcoin and Ethereum to various public chains, cross-chain operations have become the norm. Let me introduce you to a useful platform.
💎 Bridgers is a decentralized cross-chain interoperability platform based on open-source smart contracts. It supports cross-chain transfers of over 50 public chains and more than 500 types of crypto assets, without KYC or limits on amounts, allowing for fast and secure transactions. Whether transferring BTC to Ethereum or exploring emerging chains, Bridgers can easily help you overcome asset barriers and let capital flow freely in a bull market.
📊 Back to the market, since the beginning of 2025, Bitcoin has increased by 25% and Ethereum has increased by 16%. Standard Chartered Bank predicts that Bitcoin will reach $135,000 by the end of the third quarter of 2025 and climb to $200,000 by the end of the year, while Ethereum is expected to rise to $4,000 by the end of 2025. Ben Ritchie, Managing Director of Alpha Node Global, is even more optimistic, predicting Ethereum prices could reach $6,000 in 2025 and emphasizing that growing institutional investment interest is an important driving force.
🤗 Folks, what do you think about this wave of market movement and seemingly favorable news?
The above content is for informational sharing only and does not constitute any investment advice!
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