Bitcoin Surges Above $117,000 Following Trump’s Executive Order on Retirement Plans

US Representatives Nick Begich and Jared Golden have introduced the American Reserve Modernization Act (ARMA) of 2026 — a bipartisan initiative that, if approved, would establish a US Strategic Bitcoin Reserve to be maintained for at least 20 years

On Thursday, Bitcoin’s upward momentum slowed: the asset’s price pulled back from a peak of $79,500 and stabilized around $78,000. This 1.2% drop marked the first daily decline of the cryptocurrency in several days, leading to a reduction in total market capitalization by $10 billion.

Bitcoin recovered above the $70,000 level during Asian trading on Tuesday as risk appetite returned after U.S. President Donald Trump said the ongoing war involving the United States, Israel, and Iran could end soon.

Bitcoin rose on Monday, extending its strong rebound from the end of last week as crypto markets welcomed U.S. President Donald Trump’s executive order allowing pension funds to invest in the sector.

Bitcoin successfully returned to the $64,000 mark, interrupting a sharp multi-day decline that had previously pushed its price below $60,000.