Global cryptocurrency markets are experiencing a surge, with bitcoin edging closer to a new all-time high. This rally is fueled by a recent executive order signed by U.S. President Donald Trump permitting 401(k) retirement plans to invest in crypto assets, a move widely seen as a step toward mainstream digital asset adoption in the US. This move, according to Simon Peters, Crypto Analyst at eToro, represents a pivotal moment for investor participation and adds momentum to the market. Spot bitcoin and ethereum ETFs are also seeing inflows after periods of outflows, further boosting market sentiment. Weaker-than-expected U.S. economic data may contribute to increased expectations of a Federal Reserve interest rate cut by 25 basis points in its September meeting, further propelling prices. The total crypto market capitalization has reached a record $4 trillion as of today.