Bitcoin News Today: Crypto Market Surges 1.7% on Trump 401(k) Policy Hopes

The global cryptocurrency market has witnessed a significant rebound, with its total market capitalization surpassing $4 trillion as of early August 2025, marking a 1.7% increase over the previous 24-hour period [1]. According to CoinGecko data, the market now stands at $4.021 trillion, with a corresponding 24-hour trading volume of $1,377.554 billion [1]. The rise reflects broad-based gains across major digital assets, with Bitcoin (BTC) and Ethereum (ETH) playing pivotal roles in driving the upward momentum.

Bitcoin, the largest cryptocurrency by market capitalization, rose 1.7% in the past 24 hours, reaching a peak of $117,596, though it remains below its all-time high of $120,000 [3]. Ethereum also saw a notable increase, pushing past the $4,000 level and securing a valuation of over $500 billion [2]. In addition to the leading cryptocurrencies, altcoins such as XRP, Dogecoin (DOGE), and Solana (SOL) contributed to the market’s strength, with XRP recently trading above $3.36 and Solana continuing to attract investor attention [4].

The market’s optimism appears to be fueled by growing expectations surrounding regulatory developments in the United States, particularly regarding the potential integration of cryptocurrencies into retirement savings vehicles like 401(k) plans [2]. Positive signals from the Trump administration have helped to bolster investor confidence, leading to increased trading volumes and price appreciation across the board [5]. Additionally, recent data indicates a 17% rise in trading volume over the past few days, reaching $180 billion, a sign of renewed participation from both institutional and retail investors [5].

Despite the recent gains, the cryptocurrency market remains sensitive to macroeconomic indicators and regulatory clarity. Investors are closely monitoring developments as the U.S. government continues to assess the role of digital assets in mainstream financial systems [6]. While the potential for broader adoption—particularly in retirement investment options—has contributed to current market enthusiasm, analysts caution that the sector is still prone to volatility and rapid reversals in the absence of consistent regulatory progress or economic stability [7].

The 1.7% rise in market capitalization, while encouraging, is still within the typical range of fluctuations seen in the cryptocurrency sector. Analysts emphasize that while the regulatory environment is improving, long-term stability should not be assumed without concrete actions from policymakers. The market is currently pricing in future expectations, and the coming weeks are expected to provide clearer insights into whether this rally represents a short-term bounce or the beginning of a more sustained uptrend [7].

Source:

[1] BlockBeats https://www.theblockbeats.info/en/flash/306631

[2] Finance https://www.financemagnates.com/trending/why-crypto-is-going-up-bitcoin-ethereum-xrp-and-dogecoin-prices-today-lead-broad-rally/

[3] MEXC https://www.mexc.com/news/401k-crypto-trump-heres-what-trump-executive-orders-has-in-store-for-crypto/64255

[4] Benzinga https://www.benzinga.com/crypto/cryptocurrency/25/08/47014628/bitcoin-holds-116000-ethereum-breaches-4000-xrp-flashes-golden-cross-whats-next

[5] AInvest https://www.ainvest.com/news/bitcoin-news-today-trump-401-crypto-move-sparks-altcoin-surge-market-shift-2508/

[6] Stocktwits https://stocktwits.com/news-articles/markets/equity/crypto-gains-on-expectation-trump-executive-order-will-greenlight-401k-access/chrm256Rddp

[7] Luno https://discover.luno.com/daily-briefing/