11 August 14:46

Economy
Foto Pixabay
Cryptoasset market capitalization has hit a record high of $4.02 trillion, amid an executive order signed by President Trump allowing private 401(k) pension plans to invest in cryptoassets. The decision has boosted investor optimism, especially for bitcoin, which is approaching a new all-time high. Weak US economic data also suggests a possible interest rate cut by the Federal Reserve, which could further support crypto prices. The cryptocurrency Lido saw a significant 60% rise, while other assets in the Ethereum ecosystem also had notable performances.