Bitcoin News Today: Bitcoin Surges 1.9% as U.S. and Japan Push Institutional Adoption

The recent executive order by U.S. President Donald Trump, allowing Bitcoin and other cryptocurrencies to be included in 401(k) retirement plans, has marked a pivotal shift in institutional adoption. This policy change opens the door for the approximately $12.5 trillion in U.S. retirement assets to potentially flow into the crypto market, significantly expanding Bitcoin’s exposure to institutional capital [1]. Analysts suggest this move could enhance Bitcoin’s mainstream legitimacy and accelerate its long-term adoption, particularly as traditional financial institutions reassess their stance on digital assets [1].

Simultaneously, SBI Holdings, Japan’s largest financial services company, has taken a significant step by launching the world’s first Bitcoin ETF on the Tokyo Stock Exchange [1]. This product is specifically designed to attract institutional investors, including pension funds, banks, and asset managers, offering a regulated and compliant way to gain exposure to Bitcoin. The launch positions Japan at the forefront of institutional crypto finance in Asia, reflecting growing confidence among institutional investors in the stability and future potential of digital assets.

Bitcoin’s price has responded positively to these developments, trading at $117,219 with a 1.90% gain on the day [1]. Over the past month, the asset has appreciated by 8.2%, and by 25.5% year-to-date, indicating sustained investor confidence. The recent price action follows a brief consolidation phase after hitting an all-time high of $123,236 in mid-July. Analysts note that if Bitcoin can retest and hold the $117K–$118K support level, it could retrace toward the $122K–$125K range [1].

Technically, the asset is currently in a neutral-to-bullish momentum phase, with indicators suggesting a strong likelihood of further upside if institutional flows remain steady [1]. Should the price weaken, however, a pullback to $112K–$113K remains a plausible scenario. These dynamics highlight the growing influence of institutional participation in shaping Bitcoin’s market behavior.

Together, the Trump administration’s regulatory signal and SBI’s innovative product offering underscore a broader trend toward the normalization of Bitcoin as a legitimate asset class. These developments are not only expanding access for both institutional and retail investors but also laying the groundwork for a more mature and stable crypto ecosystem [1].

Source: [1] Crypto Today: Bitcoin, XRP shrug off Japan's SBI Holdings ... (https://www.mitrade.com/insights/news/live-news/article-3-1016841-20250806)