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Bitcoin's price surged past $116,000, a one-month high, fueled by news that President Trump may sign an executive order allowing 401(k) investments in digital assets. Ether also saw significant gains. This potential access to the $43 trillion retirement market could significantly boost crypto adoption and mainstream acceptance, as experts like Galaxy CEO Michael Novogratz point out. While Fidelity already offers Bitcoin in 401(k)s, wider adoption has been slow. This executive order is another step in the Trump administration's push to make the U.S. a crypto leader.

Prepared by Christopher Adams and reviewed by editorial team.