The crypto market jumped Thursday on excitement that bitcoin and other digital assets could soon be coming to 401(k) retirement plans.
President Donald Trump is set to sign an executive order that would allow 401(k) accounts to invest in alternative assets, including private equity, real estate and digital assets, CNBC has confirmed.
The price of bitcoin climbed around 1% to reclaim the $116,000 level for the first time since July 31. Etherrose almost 4%, also retaking a one-week high.
Crypto-linked stocks were trading off their highs as the stock market rally fizzled in afternoon trading. Coinbase and Galaxy Digital were last higher by 1.5% each, and ether treasury stock Bitmine Immersion gained almost 4%.
