Bitcoin, crypto stocks rally ahead of Trump order opening 401(k) plans to alternative assets
Major cryptocurrencies and crypto-related stocks were rallying early Thursday ahead of President Trump’s expected signing of an executive order that would allow alternative assets like cryptocurrencies and private equity into the retirement accounts of millions of Americans.
Bitcoin (BTC-USD) rose above $116,000 on Thursday, while ether (ETH-USD) and XRP (XRP-USD) were both up more than 4%. Shares of Coinbase (COIN), the biggest publicly traded crypto exchange, were up as much as 3%. Robinhood (HOOD) and Strategy (MSTR) shares each rose more than 1.5%.
President Trump’s executive order, expected to be signed Thursday will direct the Securities and Exchange Commission (SEC) to facilitate the use of alternative assets in 401(k)…
