Bitcoin, Ethereum, Dogecoin Surge As Trump Opens 401(k)s To Crypto — Analyst Says ‘End Game Is About To Begin’ For This Bull Cycle

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Major cryptocurrencies rallied on Thursday evening as President Donald Trump signed executive orders integrating digital assets into the U.S. financial system. The crypto market capitalization jumped 3.27% to $3.87 trillion following the landmark policy shift.

Trump’s first executive order directs the Department of Labor to reassess guidance that currently restricts alternative asset exposure in employer-sponsored retirement plans. The directive specifically targets regulations that limit cryptocurrency inclusion in 401(k) portfolios, potentially opening trillions in retirement funds to digital asset investments.

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Despite the rally, liquidations remained elevated with 114,295 traders liquidated in the past 24 hours, totaling $389.89 million according to Coinglass data. The largest single liquidation occurred on HTX’s ETH-USDT pair, valued at $34.28 million.

The CMC Crypto Fear and Greed Index registered 59, indicating neutral market sentiment. The index has maintained neutral territory recently, trading between 50-57 over the past month.

Traditional markets showed mixed results Thursday. The S&P 500 declined 0.08% to 6,340, while the Nasdaq-100 gained 0.32% to 23,389. The Dow Jones Industrial Average fell 0.51% to 43,968.64.

Futures markets indicated positive sentiment for Friday’s session. S&P 500 futures climbed 0.32%, Nasdaq-100 futures advanced 0.34%, and Dow futures gained 0.28%.

Gold retreated to $3,380 per ounce on Thursday evening as investors took profits, though the metal remains positioned for a second consecutive weekly gain. Meanwhile, the Dollar Index traded at 98.11 on Thursday.

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Trump’s sweeping tariffs of 10% to 50% took effect, targeting dozens of countries, alongside a separate 100% tariff on imported semiconductors.

Top Gainers (24-Hours)

Cryptocurrency analyst Michaël van de Poppe remains bullish on altcoins, stating he expects “200-500% to be made in the next 2-4 months.” Van de Poppe noted many altcoins haven’t returned to early 2025 levels, viewing Ethereum’s recent move as signaling increased risk appetite.