Bitcoin and cryptocurrency prices have skyrocketed after the US Treasury’s statement on the long-awaited presidential order of the Biden administration was released prematurely.
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After a psychological crash in the aftermath of Russia’s invasion of Ukraine, Bitcoin prices have risen above $ 40,000 per bitcoin, up 10% in the last 24 hours.
Ethereum and other top 10 coins BNB, Solana, Cardano, XRP and avalanche are all rising between 5% and 8%, while Terra’s Luna Payment Coin leaves Bitcoin, Ethereum and more in the dust. We are adding at a tremendous momentum of 20%.
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US President Joe Biden will sign a presidential directive related to cryptocurrencies.Leaked .. .. [+]
AFP via Getty Images
“The presidential directive on cryptocurrencies will’support responsible innovation’to coordinate US policy across government agencies,” Treasury Secretary Janet Yellen said in a brief statement Tuesday night. Wrote in, but not before it was deleted, but before it was discovered by Coin desk Reporter. The web page says “Access is denied — access to this page is not allowed”.
News calms Bitcoin and crypto investors, and a presidential directive to be signed by U.S. President Joe Biden on Wednesday signifies a broad crackdown on the heated Bitcoin and crypto markets, reports earlier this week. I’m afraid of that.
“The order seems to be relatively benign, giving the market some clarity,” Marcus Sotilio, an analyst at GlobalBlock, a UK-based digital asset broker, said in an email. “Many investors have been preparing for the downside risk of this event by waiting for the sideline, so it looks like a spot-driven rally and we see many investors buying back Bitcoin.”
“Cryptography based on remarks [executive order] Is positive and seeks a coordinated and comprehensive approach to digital asset policies that support responsible innovation, “said Cameron Winklevos, co-founder of New York-based Gemini Cryptographic Exchange. I am saying. twitter..
“Under a presidential directive, the Treasury will work with colleagues between ministries to produce a report on the future of the money and payment system,” Yellen’s deleted statement read. “The questions posed by digital assets often have important cross-border aspects, so we work with our international partners to promote robust standards and fair competition. “
Biden’s presidential directive is expected to instruct federal clutches to investigate the need for crypto-related regulatory changes, as well as the national security and economic implications of Bitcoin and other cryptocurrencies. increase.
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Bitcoin prices have skyrocketed in the last 24 hours. Other small coins such as Ethereum and BNB, .. .. [+]
Coinbase
“The presidential directive calls for a’coordinated and comprehensive approach to digital asset policy’, and the leaked document appears to have already been endorsed by U.S. Treasury Secretary Janet Yellen,” said financial adviser group de Vere. Chief Executive Officer Nigel Green said. , He wrote a comment by email.
“History will decide that Biden will sign this presidential directive and instruct departments throughout Washington to study digital currencies as a breakthrough moment.”
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