Today's market sentiment indicator shows that the fear index has risen to 74, indicating a state of greed. This change in sentiment is closely related to the positive developments in the recent Crypto Assets market.

A significant policy change has garnered widespread attention in the market. The latest signed executive order aims to relax the investment restrictions on diversified assets within 401(k) retirement plans. This means that the approximately $12.5 trillion in retirement funds will have the opportunity to invest in alternative assets such as Crypto Assets. This move is considered equally important as the approval of spot ETFs, injecting new vitality into the recently somewhat sluggish market.

As a result of this positive news, Bitcoin (BTC) price has once again broken through the $116,000 mark, and Ethereum (ETH) is also approaching the $4,000 threshold. Meanwhile, the latest unemployment figures exceeded expectations, leading the market to raise the likelihood of a rate cut in September to 92%. These factors have collectively driven market sentiment towards optimism.

Crypto Assets are gradually moving from the margins towards institutional recognition. As large institutional investors, such as pension funds, may increase their allocation to Crypto Assets, the market remains optimistic about future trends. However, investors still need to carefully assess risks and approach market changes rationally.

Overall, the Crypto Assets market is experiencing an important turning point. The joint effects of policy support, increased institutional participation, and macroeconomic factors may create a favorable environment for the long-term development of Crypto Assets. Market participants should closely monitor subsequent developments and formulate reasonable investment strategies.