Bitcoin Rises on Trump Executive Order Signatures

Trump "AllowIing 401k to Invest Cryptocurrency"
XRP Rises in the Morning on Ripple's Closing of Lawsuit
Expert "BTC Enters New Phase in Signing Executive Order"

The cryptocurrency market rose on Aug. 8 as U.S. President Donald Trump eased regulations to include cryptocurrencies including Bitcoin (BTC) in his 401k, the representative retirement pension account.

President Trump signed an executive order on the 8th instructing the U.S. Department of Labor to review guidelines on investment in alternative assets within six months from the retirement pension. As a result, the U.S. Securities and Exchange Commission (SEC) and the Treasury Department will begin reviewing related regulations.

The executive order signed by President Trump included a clause that allows alternative assets to 401k accounts. Alternative assets included options such as cryptocurrency and real estate.

Ripple's lawsuit, which was considered a risk trigger in the cryptocurrency market for years, has also been closed. On the 7th, the U.S. Court of Appeals for the 2nd Circuit announced that it accepts the joint dismissal of the cross-appeal filed by Ripple and the SEC.

When Ripple's long litigation closed, XRP continued to rise after surging about 11% on the morning of the 8th, driving the market higher.

◇Bitcoin = Bitcoin price is $116,912 at 4:30 p.m. on Aug. 8, 2025. The Bitcoin share(dominance) was 60.79%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 50.98% and 49.02%, according to the on-chain analytics platform Sigbtc.

There was an evaluation that Bitcoin entered a completely different stage from a long-term perspective on President Trump's signing of the executive order. Analysts say that the executive order is a favorable factor for the $5 trillion private equity industry, which has been seeking to enter the retirement pension market for decades, and the cryptocurrency industry, which has been seeking to expand its investment base.

"It was only a matter of time before Bitcoin was included in the 401 (k) of Americans," said Swan Bitcoin CEO Corey Klippsten. "If we recognize long-term adjusted risk-to-margin profitability, the proportion of Bitcoin will increase, especially among young, tech-savvy workers who prefer hard money (value storage)."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Aug. 8 was Taiko(TAIKO), up about 16% on the day alone.

Taiko is a layer 2 blockchain that adopts zero-knowledge proof. It has usability mainly used in the field of computer network security by using the features of zero-knowledge proof, and can be particularly used for identity authentication.

Taiko Coin is the native token of the Taiko project.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 74 points. The greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be cautious about selling products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 59.2, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr