[LIVE] Latest Crypto News, August 8 – Rally as Trump Approves 401(k) Crypto Investments, ETH Breaks $3,900: Next Crypto To Explode?

In the end, Trump finally said something that made the market surge. The rally came after U.S. President Donald Trump signed an executive order allowing 401(k) retirement funds to invest in digital assets — a move that could unlock up to $9 trillion in long-term capital for the crypto market. Could this be the spark for the next bull run? Now might be the time to find the next crypto ready to explode.

BlackRock applauds Trump's move to let 401(k)s be invested in crypto, private equity, and real estate. pic.twitter.com/UQXBvIv3vA

— More Perfect Union (@MorePerfectUS) August 7, 2025

While Trump’s move excites investors, some experts warn crypto in 401(k)s carries big risks: extreme volatility, possible fraud, unclear regulations, and high fees. Retirement savers could face intense losses if markets turn. Advisors suggest limiting crypto to a small share of a diversified portfolio.

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Anyway, the market sentiment was also boosted by growing optimism over potential progress toward easing tensions in the Russia-Ukraine conflict. Ethereum led the rally, climbing 5.67% to briefly surpass $3,900. Bitcoin gained 2%, trading close to $117,000.

XRP delivered one of the standout performances of the day, soaring 12.8% after concluding its four-year SEC dispute. Gains were also seen across PayFi, DeFi, meme, and RWA tokens, adding to the day’s strong momentum.

(XRPUSDT)

Stay tuned for live updates on the latest developments shaping the crypto market.

The post [LIVE] Latest Crypto News, August 8 – Rally as Trump Approves 401(k) Crypto Investments, ETH Breaks $3,900: Next Crypto To Explode? appeared first on 99Bitcoins.