Having tumbled to below $112,000 at one point a few days ago, bitcoin (BTC) has returned above $117,000 in late after U.S. trading Thursday, for now retaking the range it had been in for most of July.

First giving a boost the crypto market overnight was news about President Trump's intention to sign an executive order allowing crypto (among other assets) in 401(k) retirement plans (that order has now been signed).

The push above $117,000 occurred late in the U.S. trading session Thursday on news of the nomination of Stephen Miran to replace the departing Andrea Kluger on the Federal Reserve's Board of Governors.

Currently the chairman of the White House Council of Economic Advisers, Miran is presumably an ally of the president and for now probably likely to at least partially share his

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