#CryptoIn401(k) Bitcoin at $119K, XRP soared by 11%, target ETH $4,400... News for the morning of 08.08.2025
✅ Trump allowed 401(k) plans to invest in crypto — BTC + ETH are rising
President Trump signed an executive order allowing cryptocurrencies to be included in 401(k) retirement accounts — potential access to $43 trillion in long-term capital. Bitcoin has risen nearly 2% — to $117,300; Ethereum jumped 5% — above $3,870. Foreign ETF instruments and Coinbase stocks have also increased.
On the other hand, economist Peter Schiff expressed concern about retirement savings policies in the US, criticizing the allowance for limited 401(k) funds to be invested in cryptocurrencies like Bitcoin, which he believes exacerbates the savings crisis for Americans.
✅ Bitcoin technically aims for $119,000 — setups create a base for growth
BTC broke through $116,000 (+1.7%) and shows strength through capitulation indicators. Technical indicators suggest growth potential to $119,000. The probability of a downturn remains, but the market is showing stable signals.
$BTC
