The cryptocurrency market is experiencing a strong recovery, led by major coins like Ethereum, Solana, and XRP, with reports indicating that U.S. President Donald Trump is preparing to sign an executive order on Thursday that officially opens the door for cryptocurrencies to be included in U.S. retirement accounts 401(k).
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🔹 Coin movement over 24 hours:
🚀 Ethereum:
Increased by 7.3%
Reached $3,856.26
Market capitalization: $465 billion (CoinGecko)
Liquidation of short positions worth $126 million (CoinGlass)
📈 Other coins rose:
Cardano: +5.7%
Solana: +4.9%
XRP: +4.1%
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🔍 Myriad Markets predictions:
30.5% chance that Solana will reach its highest level before the end of 2025
Solana needs an additional 41.3% rise to achieve its target
The previous peak was $293.31 (January)
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💼 Details of the anticipated executive order from Trump:
Allows the integration of alternative assets within 401(k) retirement accounts such as:
💰 Cryptocurrencies
🏠 Real estate
📊 Private equity
📦 Private equity funds
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🔹 Importance of the decision:
401(k) accounts represent over $8.7 trillion in assets (ICI report)
Currently, cryptocurrencies are allowed through ETF funds linked to Bitcoin or Ethereum only
The new decision will allow direct ownership of cryptocurrencies themselves
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🚀 Immediate impact on the market:
Calming investor fears after Trump's trade escalation
Overall market up 2.9% (CoinGecko)
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🏆 Top winning coins today:
🐧 PENGU (Pudgy Penguins): Jumped 13.1%, the biggest winner among the top 100 coins
⚖️ Ethena (a protocol on Ethereum for stablecoins): rose 12.2% and approached the top 40 coins by market cap
Other major coins in the green, including:
Dogecoin: +7%
Hyperliquid: +3.5%
Sui: +10%
📊 News summary:
🔥 The cryptocurrency market is recovering led by Ethereum, Solana, and XRP.
📝 Trump is preparing to sign an executive order integrating cryptocurrencies into U.S. 401(k) retirement accounts.
🚀 Ethereum rose 7.3% with a liquidation of short positions worth $126 million.
📈 Solana has a 30.5% chance of reaching its highest level this year.
💼 The new decision opens the door for direct cryptocurrency holdings in retirement accounts.
💰 401(k) accounts represent assets worth $8.7 trillion.
📊 The market rose 2.9% due to positive news.
🏆 Coins like PENGU and Ethena recorded the highest gains today.
