Why Did the Market Go Up Suddenly?

401(k) ?

Recently, the market went up quickly. There are two main reasons for this:

1. Donald Trump’s Executive Order:
Donald Trump made a new rule (called an executive order). This rule could let people who have 401(k) retirement accounts invest in new things, like cryptocurrencies (for example, Bitcoin). Before, people could only invest in things like stocks and bonds. Now, they might be able to invest in more options, which made many people excited.

2. Ripple vs. SEC Case:
There was a big court case between Ripple (a company that uses
cryptocurrency) and the SEC (a government group that makes rules for investing). The case is now officially over, and the result was good news for Ripple and the crypto market. This made investors feel more confident.

Because of these two things, more people started buying, and the market went up.