Trump’s Executive Order Sparks Crypto Market Surge

U.S. President Donald Trump signed a groundbreaking executive order allowing 401(k) retirement plans to invest in digital assets like Bitcoin and Ethereum. This move could unlock access to $9 trillion in long-term capital, potentially transforming the crypto market.

Market Impact

As of 9:23 AM ET today, Bitcoin (BTC) rose 2% to $116,313.77, while Ethereum (ETH) surged 5.67%, crossing $3,900. XRP saw a 12.8% jump, fueled by the resolution of its four-year SEC dispute. Experts predict Bitcoin could reach $120,000 by August 12 if it holds above $115,900.

Global Reaction

The order has triggered a bullish wave not only in crypto but also in Asian equities and gold futures. Investors are optimistic, as this decision strengthens crypto’s legitimacy. However, analysts warn of potential market volatility.

What’s Next? 

This step brings crypto closer to mainstream adoption. Investors are advised to conduct thorough research and assess risks, as crypto remains a high-risk asset.