The
cryptocurrency market is recording strong gains across major assets, with the
total market capitalization rising to about $3.88 trillion in the 24 hours to
early Friday, 8 August, 2025, up 2.8% from the prior day. Bitcoin continues to
hold a dominant share of nearly 60%, reflecting investor preference for
large-cap digital assets amid heightened trading activity.

This week’s
rally comes against the backdrop of significant macroeconomic and regulatory
developments in the United States. A newly signed executive order by President
Donald Trump allows cryptocurrencies to be included in 401(k) retirement plans,
a policy change that analysts say could unlock new sources of long-term
capital.

At the same
time, the nomination of Stephen…