President Trump's Big Move, Huge Increase In The Price of Bitcoin
This increase came after Trump signed an order to include cryptocurrency for investment in retirement plans
After US President Donald Trump signed an executive order to include cryptocurrency for investment in 401 (k) retirement plans, the prices of Bitcoin, Ethereum and other major cryptocurrencies increased significantly. The global crypto market saw a record increase of four trillion dollars.
After the executive order, the price of Bitcoin increased by more than 5% compared to last week, while the prices of Ethereum, Solana and Dogecoin increased by more than 10%.
After this increase, the price of Bitcoin has reached the highest level reached in mid-July, near 123 thousand.
Trump’s move comes after lobbying by some of the world’s largest asset managers, opening up a $9 trillion market in the form of retirement funds in the crypto industry.
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