New york: The value of Bitcoin continued its upward trend, surpassing US$120,000 with a 1.7% increase over the past 24 hours. The digital currency's recent performance highlights growing investor confidence and a robust market demand.
According to Bahrain News Agency, the digital currency XRP also reached a new record, exceeding its previous all-time high from 2018. This rise aligns with media reports indicating that US President Donald Trump is preparing to sign an executive order allowing retirement accounts to invest in alternative assets, including digital currencies.
The anticipated executive order, which may be signed later this week, would enable certain retirement accounts to broaden their investment portfolios beyond traditional stocks and bonds to include digital assets, gold, and private equity. It is expected to direct regulators to dismantle existing barriers, thereby facilitating easier investment in these alternative assets.