In brief
- Trump’s executive orders direct the inclusion of crypto in 401(k) plans and bar debanking of crypto-related initiatives.
- Nearly $300 million in short positions were liquidated after Thursday’s announcement.
- Cumulative volume delta remained elevated, signalling buyers’ attempts to hold the market up despite profit-taking.
Bitcoin is close to revisiting last week’s highs after U.S. President Donald Trump’s pro-crypto announcements on Thursday.
Up 3% from this week’s open, Bitcoin is trading close to $117,000, CoinGecko data shows.
The spurt in buying pressure follows Trump’s executive orders to include crypto in 401(K)s and prohibit the debanking of crypto-related initiatives.
The top crypto jumped 2.3% from…
Aug 08 2025
Aug 08 2025
