Crypto Market Strengthens Following Trump's Executive Order
The price of Bitcoin (BTC) saw a significant surge, trading around US$117,222, after President Donald Trump signed an executive order allowing investment in crypto through 401(k) retirement plans. This move opened up access to the trillion-dollar crypto market, boosting institutional interest in BTC.
Ethereum (ETH) also performed positively, trading above US$3,800, with a price prediction of US$4,034 in the next five days. This increase was driven by increased institutional interest and market optimism regarding more favorable crypto regulations.
Ripple announced the acquisition of Toronto-based stablecoin payment platform Rail for US$200 million. This move strengthens Ripple's position in the stablecoin and cross-border payments ecosystem, as regulations in the crypto sector become clearer.
Overall, the crypto market is showing positive momentum with increasingly strong regulatory support and growing institutional interest. Investors should consider monitoring these developments for long-term investment opportunities.
Source: Newsmaker.id