Crypto Stocks Surge Following Presidential Directive

In a significant move that has energized the cryptocurrency market, President Donald Trump's recent executive order has paved the way for 401(k) retirement plans to include cryptocurrencies among their investment options. This decision also extends to other alternative assets like private equity and real estate, marking a pivotal moment for digital currencies in mainstream finance.

Market Responds with Immediate Gains

The announcement triggered a swift uptick in the value of crypto-related stocks. Notable performers included Coinbase, which saw its shares rise by 4.55% to $324.68, and Mara Holdings, which added 4.81% to reach $16.12. Other companies like Bit Digital, Galaxy Digital, Hut 8, Riot Platforms, and Microstrategy also experienced significant gains, underscoring the market's positive reception to the news.

Bitcoin's Price Soars Past $122,000

Amidst this bullish trend, Bitcoin's price notably surpassed the $122,000 mark, further highlighting the growing investor confidence in cryptocurrencies following the executive order.