Crypto Markets Climb as Trump Expected to Sign 401(k) Executive Order Today
Investors reacted positively on Thursday following news that Trump wants to expand retirement portfolio options to include crypto.
Crypto markets climbed on Thursday, Aug. 7, despite tariffs going into effect, as President Donald Trump is expected to sign an executive order today allowing 401(k) retirement plans to include cryptocurrency investments.
Bitcoin (BTC) rose 1.1% on the day to around $116,700, while Ethereum (ETH) surged nearly 5% to over $3,800. XRP gained 2% to climb back over $3, and Solana (SOL) remained flat on the day, trading near $170.
The total cryptocurrency market capitalization rose 2% over the past 24 hours to over $3.9 trillion, according to CoinGecko. Trading volume over…
