{"id":56939,"date":"2025-08-09T13:01:07","date_gmt":"2025-08-09T13:01:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/56939\/"},"modified":"2025-08-09T13:01:07","modified_gmt":"2025-08-09T13:01:07","slug":"trump-just-dropped-a-12-2-trillion-crypto-price-bombshell-sending-bitcoin-ethereum-and-xrp-sharply-higher","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/56939\/","title":{"rendered":"Trump Just Dropped A $12.2 Trillion Crypto Price Bombshell\u2014Sending Bitcoin, Ethereum And XRP Sharply Higher"},"content":{"rendered":"

Bitcoin has seen its price rocket higher this year, topping an explosive 2024 that saw Wall Street charge into crypto<\/a>\u2014though some are predicting the bitcoin price bull run could be just getting started<\/a>.<\/p>\n

Sign up now for CryptoCodex<\/a>\u2014A free newsletter for the crypto-curious<\/p>\n

The bitcoin price has doubled since this time last year, with the crypto market looking \u201ceerily similar\u201d to the situation last summer<\/a> that catapulted bitcoin and other major cryptocurrencies including ethereum and XRP higher.<\/p>\n

Now, as JPMorgan suddenly flips on what could be a bitcoin price game-changer<\/a>, U.S. president Donald Trump has signed an executive order that will make it easier for bitcoin, crypto and other alternative assets like private equity and real estate to be included in 401(k) retirement accounts\u2014which hold a combined $12.2 trillion.<\/p>\n

Sign up now for the free CryptoCodex<\/a>\u2014A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run<\/p>\n

ForbesThis \u2018Isn\u2019t Priced In\u2019\u2014SEC Reveals Radical \u2018Project Crypto,\u2019 A Bitcoin Price Game-ChangerBy Billy Bambrough<\/a><\/p>\n

\"Trump,<\/p>\n

U.S. president Donald Trump has this week signed an executive order that is expected to open up 401(k) retirement accounts to alternative assets\u2014including bitcoin, ethereum, XRP and other cryptocurrencies.<\/p>\n

Getty Images<\/p>\n

“Alternative assets, such as private equity, real estate, and digital assets, offer competitive returns and diversification benefits,” a White House fact sheet<\/a> read.<\/p>\n

Trump signing the long-rumored order has boosted the bitcoin price, pushing it toward $120,000 per bitcoin for the first time since last month, while ethereum has surged 21% this week, breaking back above $4,000 per ether for the first time since December last year.<\/p>\n

XRP, one of the best performing major cryptocurrencies over the last year with a near 500% gain, has climbed 12% this week, helping the combined crypto market top $4 trillion.<\/p>\n

\u201cThis could mark a major milestone in bringing digital assets into the mainstream financial infrastructure, opening the door to long-term adoption by everyday Americans,\u201d Antony Agoshkov, cofounder of Marvel Capital, said in emailed comments.<\/p>\n

The order gives the Department of Labor 180 days to review rules with any changes not expected to be seen immediately in bitcoin and crypto markets.<\/p>\n

\u201cThe Trump executive order opening the door to the inclusion of crypto and private assets in 401(k) retirement plans opens the way to greater choice and gives investors more options,” Katalin Tischhauser, head of research at Sygnum Bank, said via email.<\/p>\n

\u201cIt is another bullish driver for the crypto market as the relatively small market capitalisation means fund flows can have a significant impact on price.”<\/p>\n

In May, the Department of Labor scrapped guidance from 2022 that urged “extreme care” before any investment companies added crypto to retirement account options.<\/p>\n

\u201cThe announcement has fueled optimism around future institutional inflows, especially given the size of the U.S. defined contribution market, which totals around $10 trillion,” Joel Kruger, market strategist at LMAX Group, said in emailed comments.<\/p>\n

“A more favorable regulatory tone is taking shape in Washington. The Trump executive order follows a series of signals from lawmakers aimed at establishing clearer guardrails around digital asset classification and access.\u201d<\/p>\n

While there is currently no prohibition on retirement plan operators adding these types of investments, the order is expected to result in a more diverse range of options for people.<\/p>\n

\u201cThis order isn\u2019t about the government saying ‘crypto belongs in 401(k)s.\u2019 It\u2019s about the government getting out of the way and letting people make their own decisions,\u201d Matt Hougan, chief investment officer at Bitwise, said in an emailed note.<\/p>\n

Sign up now for CryptoCodex<\/a>\u2014A free newsletter for the crypto-curious<\/p>\n

ForbesBitcoin And Crypto Are Quietly Braced For A \u2018Monstrous\u2019 BlackRock ETF Price EarthquakeBy Billy Bambrough<\/a><\/p>\n

The bitcoin price has surged to an all-time high this year, topping $123,000 per bitcoin, and boosting the combined ethereum, XRP and crypto market to over $4 trillion.<\/p>\n

Forbes Digital Assets<\/p>\n

The latest bullish signal out of the Trump White House\u2014following Trump dismantling Biden-era crypto restrictions on Wall Street, Trump ordering the creation of a bitcoin strategic reserve and crypto stockpile that\u2019s expected to include ethereum and XRP among others, and the passage of the Genius Act stablecoin bill\u2014are helping to \u201cshift sentiment\u201d among traders, but have yet to translate into meaningful price moves.<\/p>\n

\u201cTrump\u2019s latest moves\u2014from expanding 401(k) access to crypto, to pushing gold into the spotlight\u2014could shift sentiment, but so far the response has been muted,\u201d 10x Research founder Markus Thielen said in an emailed note.<\/p>\n

\u201cEthereum, meanwhile, is flashing record address activity and surging prices, yet much of the move appears narrative-driven rather than grounded in fundamentals. Both assets are now pressing against key technical boundaries where momentum could either accelerate or stall sharply.”<\/p>\n

Bitcoin and crypto market watchers remain bullish for the rest of 2025, however, some are warning the bitcoin price and crypto market could crash next year.<\/p>\n

\u201cMy view is that once we complete the bull cycle at circa $140,000-$145,000, we will see a corrective bear market in 2026, but I am not looking for a deep correct, but likely a move to $90,000 to $100,000,\u201d John Glover, chief investment officer of Ledn, said in emailed comments, adding: \u201cI know this goes against the popular view that we are going to hit the extreme prognosticator\u2019s views of $250,000, $500,000, or even $1 million in 2025 or 2026.”<\/p>\n

Meanwhile, Trump also signed a separate executive order targeting the \u201cdebanking\u201d of people and businesses on political grounds, which will \u201censure that Federal regulators do not promote policies and practices that allow financial institutions to deny or restrict services based on political beliefs, religious beliefs or lawful business activities, ensuring fair access to banking for all Americans.\u201d<\/p>\n

The “digital assets industry has also been the target of unfair debanking initiatives,” according to a White House fact sheet<\/a>, with Caitlin Long, the chief executive of crypto-focused Custodia Bank, cheering<\/a> the addition of the Small Business Administration as an overseer of the federal banking regulators.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin has seen its price rocket higher this year, topping an explosive 2024 that saw Wall Street charge…\n","protected":false},"author":2,"featured_media":56940,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[15261,3571,37768,45,49,48,37770,1376,3574,3277,37769],"class_list":{"0":"post-56939","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-401k","9":"tag-bitcoin","10":"tag-bitcoin-price","11":"tag-business","12":"tag-ca","13":"tag-canada","14":"tag-crypto","15":"tag-donald-trump","16":"tag-ethereum","17":"tag-trump","18":"tag-xrp"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/56939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=56939"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/56939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/56940"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=56939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=56939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=56939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}