![[LIVE] Latest Crypto asset Updates, August 8 – Surge as Trump Greenlights 401(k) Investments in Crypto, ETH Surpasses $3,900: Which Crypto Will Soar Next?](https://i1.wp.com/99bitcoins.com/wp-content/uploads/2025/08/IMG_0834-1024x709.png?w=770&resize=770,470&ssl=1 "[LIVE] Latest Crypto asset Updates, August 8 – Surge as Trump Greenlights 401(k) Investments in Crypto, ETH Surpasses $3,900: Which Crypto Will Soar Next?")
[LIVE] Latest Crypto asset Updates, August 8 – Surge as Trump Greenlights 401(k) Investments in Crypto, ETH Surpasses $3,900: Which Crypto Will Soar Next?
Ultimately, Trump made a statement that caused the market to leap. This surge followed U.S. President Donald Trump’s signing of an executive order permitting 401(k) retirement plans to channel investments into digital assets — a strategy that could unleash up to $9 trillion in long-term capital for the cryptocurrency sector. Is this the catalyst for the upcoming bull trading market? This could be the moment to discover the next digital currency poised for a upward movement.
BlackRock commends Trump’s decision to allow 401(k) investments in digital currency, private equity, and real estate. pic.twitter.com/UQXBvIv3vA
— More Perfect Union (@MorePerfectUS) August 7, 2025
While Trump’s action thrills investors, various experts caution that including cryptocurrency in 401(k)s poses significant risks: high price swings, potential fraud, ambiguous regulations, and elevated fees. Retirement investors might encounter severe losses should the markets sway. Experts recommend restricting crypto to a minor portion of a diversified investment portfolio.
EXPLORE: Top New Cryptocurrencies to Invest in 2025
Nonetheless, crypto market sentiment was also enhanced by increasing optimism about potential advancements in alleviating tensions in the Russia-Ukraine situation. Ethereum spearheaded the rally, rising 5.67% to briefly exceed $3,900. BTC climbed 2%, trading near $117,000.
XRP achieved one of the day’s most impressive showings, surging 12.8% after settling its four-year SEC dispute. The day saw gains across PayFi, DeFi, meme, and RWA tokens, contributing to the robust momentum.
(XRPUSDT)
Stay tuned for live updates on the current developments impacting the crypto asset trading market.
No live updates are available at this moment. Please check back later!
The post [LIVE] Latest Crypto Announcement, August 8 – Rally as Trump Approves 401(k) Crypto Investments, Ethereum Breaks $3,900: Next Crypto To Explode? appeared first on 99Bitcoins.
