Bitcoin News Today: Bitcoin Surges 2.3% to $117,580 as Trump Signs 401(k) Crypto Order

Bitcoin’s price surged past $117,000 following a series of executive orders signed by U.S. President Donald Trump, aimed at easing the inclusion of cryptocurrencies in 401(k) retirement accounts and reducing regulatory burdens on alternative assets [1]. The orders, issued on July 23, 2025, signal a broader shift in the administration’s approach to digital assets and are viewed as foundational steps toward integrating crypto into mainstream investment portfolios [2]. The market responded swiftly, with Bitcoin climbing 2.3% within hours to reach a peak of $117,580 [3].

The executive orders direct the Department of Labor to revise its regulations so that fiduciaries can offer cryptocurrencies and other digital assets within self-directed retirement accounts [4]. The Treasury and the SEC are also tasked with ensuring that no discriminatory barriers prevent tokenized assets from being included in these plans [5]. By doing so, the administration aims to expand financial growth opportunities and offer individuals greater flexibility in managing their retirement savings.

The orders also address what the administration calls “unfair debanking” of crypto-friendly institutions, prohibiting financial services from being denied based on political or religious beliefs [6]. This directive aims to ensure that banks and regulators treat all clients fairly and that financial institutions are held accountable for discriminatory actions [7]. The move has been praised by Senator Cynthia Lummis, chair of the Senate Subcommittee on Digital Assets, who views it as the end of a policy she calls “Operation Chokepoint 2.0,” which she claims unfairly targeted crypto firms [8].

The market has responded positively to the regulatory clarity provided by the orders. According to TradingView data, Bitcoin rose 1.92% in the last 24 hours, hitting $117,440 on a trading volume of $61.71 billion [9]. Ethereum also saw a significant rise, climbing 5.67% to exceed $3,900 [10], while other altcoins like XRP recorded substantial gains. The broader rally reflects strong investor confidence in the administration’s pro-crypto stance.

Analysts suggest that the new policy could unlock trillions in capital for the crypto sector by allowing individuals to allocate digital assets in their retirement accounts [11]. However, it is important to note that the price surge is largely a reflection of market sentiment rather than an immediate change in individual investment behavior [12]. The executive orders broadly support the inclusion of digital assets in financial planning but do not explicitly name Bitcoin [13].

While the price movement has sparked optimism about a potential bull market, some analysts remain cautious. For instance, John Bollinger has warned that the recent breakout above $115,000 may not be sustainable and emphasized the importance of monitoring key market indicators for confirmation [14].

The developments mark a strategic shift in U.S. financial policy, positioning the country as a key player in the global digital asset landscape while addressing institutional concerns about fairness and accessibility in the banking sector.

Source:

[1] Trump 401(k) Order Opens Door for Crypto, Private Equity

https://www.nytimes.com/2025/08/07/business/trump-401k-crypto.html

[2] Trump signs order broadening access for alternative assets

https://www.reuters.com/business/finance/trump-signs-order-broadening-access-alternative-assets-401ks-2025-08-07/

[3] President Trump signs executive order to stop 'unfair'

https://www.theblock.co/post/366053/president-trump-signs-executive-order-to-stop-unfair-banking-of-crypto-industry

[4] Trump opens the door for private equity and crypto as 401k

https://apnews.com/article/trump-crypto-401k-private-equity-retirement-plans-d7fdae32d904c9454f4d4eb0b12b88ef

[5] Bitcoin Surges To $117K As Trump Signs 401(k) Crypto

https://bitcoinmagazine.com/markets/bitcoin-surges-to-117k-as-trump-signs-401k-crypto-order-plans

[6] The Bitcoin Order: US President Set To Sign Executive

https://www.newsbtc.com/news/bitcoin/executive-order-protecting-bitcoin/

[7] Trump signs order allowing alternative assets like

https://www.cnbc.com/2025/08/07/trump-order-will-allow-alternative-assets-like-cryptocurrencies-private-equity-in-401ks.html

[8] President Trump signs executive order to stop debanking

https://www.mitrade.com/insights/news/live-news/article-3-1022434-20250808

[9] Rally as Trump Approves 401(k) Crypto Investments, ETH

https://www.xt.com/en/blog/post/live-latest-crypto-news-august-8-rally-as-trump-approves-401k-crypto-investments-eth-breaks-3900-next-crypto-to-explode

[10] Trump's Pro-Crypto Orders Fuel Bitcoin Rally and Spark

https://spectrum-search.com/insights/trump-s-pro-crypto-orders-fuel-bitcoin-rally-and-spark-web3-recruitment-surge

[11] The Bitcoin Order: US President Set To Sign Executive

[12] Trump signs order allowing alternative assets like

[13] Bitcoin Surges To $117K As Trump Signs 401(k) Crypto

[14] Bitcoin Price Rises Above $115K, But Bollinger Cautions '

https://coincentral.com/bitcoin-price-rises-above-115k-but-bollinger-cautions-head-fake/