#BTC Back To $120#   #ETH Breaks $4,300#  Why are Bitcoin and Ether rising? ETH is reminiscent of four years ago.

Recent positive steps taken in cryptocurrencies, particularly in the US, are driving significant gains in the two largest cryptocurrencies, Bitcoin and Ether. Bitcoin has surpassed the $122,000 level it reached in July, while Ether has managed to surpass the $4,300 mark it last reached on December 9, 2021.

Donald Trump's decision to include cryptocurrencies in 401(k) retirement plans, implemented by executive order in the US last week, continues to fuel price increases. Bitcoin, which sharply broke above $118,000 yesterday morning, reached $122,000, and Ether, which surpassed $4,200, managed to surpass $4,300.

Ether woke up and remembered 4 years ago

Ether, which barely kept pace with Bitcoin's 2024 surge, has recently begun to reminisce. The second-largest cryptocurrency finally surpassed the $4,300 level it last reached on December 9, 2021, after years of success.

Trump's executive order on Thursday, which mandated the inclusion of alternative investment assets, including cryptocurrencies, in 401(k) retirement plans has been effective. Naturally, introducing risky assets into these retirement plans, which hold trillions of dollars, creates significant buying demand.

Another factor supporting Bitcoin and Ether prices was spot ETFs in the US. On the last trading day of last week, Bitcoin spot ETFs and Ether spot ETFs had net investments of $400 million, while Ether spot ETFs had net investments of $460 million. The implementation of Ether treasury strategies by corporate companies is also another factor driving the price upwards.

Trump will also sign another executive order ending the "debanking" campaign targeting crypto companies. White House Artificial Intelligence and Crypto Director David Sacks stated, "The executive orders Trump will sign will open cryptocurrencies to 90 million Americans."