The crypto market rose sharply, with the Layer2 sector leading the gains by over 9%, and ETH breaking through $3,900.

Cryptocurrency markets saw significant gains across all sectors, with gains ranging from 2% to 9%. On the news front, President Trump signed an executive order allowing 401(k) retirement plans to invest in cryptocurrencies. This could potentially provide a stable, long-term source of funding for the crypto market, with approximately $9 trillion in retirement funds already invested.