Crypto investors rejoiced late Thursday morning on news President Donald Trump was set to sign an executive order to make it easier to include alternative assets in employees’ retirement accounts. Bitcoin jumped 2% over the past 24 hours to push past $116,000, and Ethereum, the world’s second largest cryptocurrency, soared 7% to hit about $3,800, according to data from Binance.
The total value of all cryptocurrencies rose almost 2% to $3.9 trillion, per CoinGecko. The rise mirrored the broader surge in the stock market as the S&P 500 notched a slight gain after markets opened before dropping later in the morning.
