Ethereum, Solana, XRP Rebound Amid Reports Trump Will Allow Crypto in 401(k)s
Crypto markets are witnessing a rebound, with Ethereum, XRP, and Solana leading the charge, following reports that President Trump intends to sign an executive order to permit cryptocurrencies to be included in 401(k) plans. This potential directive could unlock approximately $8.7 trillion currently held in 401(k)s for investment in cryptocurrencies. Ethereum experienced a 7.3% surge, reaching $3,856.26, while XRP and Solana saw gains of 4.1% and 4.9%, respectively. This news comes at a pivotal time, as the crypto industry is regaining stability amid recent price fluctuations. The executive order, expected to allow diversification into alternative assets within retirement accounts, marks a significant shift in policy that could broaden access to digital assets for investors. As the market adjusts to this news, various major cryptocurrencies are experiencing notable gains, with optimism building about future investment flows into the cryptocurrency space.
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