Bitcoin price rallies as Trump plans to allow crypto into pension plans
Crypto prices saw an uplift on Thursday, rallying ahead of the expected signing of an executive order by Us president Donald Trump which would allow 401k pension plans to include so-called alternative assets such as bitcoin (BTC-USD).
Bitcoin headed 1.7% higher in the afternoon, to trade above the $116,000 mark. In recent weeks bitcoin has exceeded the $122,000 mark, pushing to all-time highs as the US allows crypto-friendly policies into law.
Ethereum (ETH-USD), the second largest asset by market cap, also gained more than 6%, sitting around the $3,830 mark.
Trump’s executive order, expected to be signed around 12:00 pm ET on Thursday, according to Reuters, will direct the Securities and Exchange Commission (SEC) to…
