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Bitcoin and cryptocurrencies rise following Trump’s decree on alternative assets
Investing.com - Bitcoin rose on Friday, continuing its recent gains after American President Donald Trump signed a decree aimed at allowing the use of alternative assets, including cryptocurrencies, in 401(k) retirement accounts.
Altcoins recorded much larger gains, with Ether nearing its peaks from 2021, while XRP surged following the conclusion of the long lawsuit between its issuer Ripple and the U.S. Securities and Exchange Commission.
However, gains still seem hesitant in the face of deteriorating global risk appetite, after Trump’s tariffs came into effect on major economies. Bitcoin was also trading well below its intraday highs.
The world's largest cryptocurrency increased by 1.7% to €116,570.2 at 07:47 Paris time.