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Biden Will, Allegedly, NOT Turn USD into a Digital Asset | Live Bitcoin News

Despite the spreading of such information online, it appears Joe Biden and the rest of the White House staff have no plans, currently, to...

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Crypto Executive Order: the Good, the Bad and the Not Much

US president Joe Biden signed an executive order last Wednesday relating to cryptocurrencies. To what extent Biden himself is concerned with crypto is unknown, but nonetheless, a document was given...

Bitcoin’s Biden Spike Gone, Price Reverses Following 8% Gain

Bitcoin (BTC) has retraced significantly today, a day after recording an 8% gain in response to President Biden’s executive order. Bitcoin, like the rest of the crypto market, is under pressure, falling more than 5% and falling below $40,000 levels. Bitcoin is currently trading at $39,324 with a market worth of $745 billion as of press time. Bitcoin Slumps After Gain Bitcoin reversed direction, while the euro’s two-day rally came to a halt, as investors awaited the European Central Bank’s (ECB) response to the gathering storm of high inflation and poor growth. According to TradingView data, the top fell to $39,000 during Asia hours, nearly reversing Wednesday’s 8 percent rise caused by US President Joe Biden’s crypto executive order. Laurent Kssis, a crypto exchange-traded fund expert and director of CEC Capital, said: “Market dropped again around 1:30 UTC during the Asian trading on long liquidations washouts which are still dominating the leverage markets. Any potential of a pullback seems futile due to the selling pressures these liquidations create.” Despite the fact that the crypto executive order boosted the crypto market, concerns about growing inflation remain. The entire focus will be on the approaching U.S. inflation, which is expected to rise due to the current geopolitical situation. Historically, the Federal Reserve (Fed) has had the most influence on cryptocurrency markets, whereas ECB rate decisions have had little to no impact. According to one observer, Thursday’s announcement is critical. Related article | Bitcoin Aims For $48K? BTC Reacts Upward To U.S. Inflation Report Griffin Ardern, a volatility trader from crypto-asset management company Blofin noted: “At present, we already know that the Fed will raise interest rates, so no matter how the U.S. market changes, this thing will happen. The most considerable influence at the moment may be the hawkishness of the European Central Bank this week.” The ECB is expected to publish its monetary policy decision on Thursday, March 10 at 12:45 GMT. Christine Lagarde, President of the European Central Bank, will hold a press conference at 13:30 UTC, 45 minutes following the ECB’s policy announcement. “Any unexpected move by the ECB could trigger a fall in the market,” Ardern added. BTC/USD trades at $39k. Source: TradingView Consumer prices in the United States rose 7.9% last month, the largest increase in more than three decades. This growing inflation data has put a significant amount of pressure on risky assets such as Bitcoin and stocks. As a result, Bitcoin has experienced significant volatility in recent months. Bitcoin has risen above $40,000 twice in the last month, but it has not been able to maintain this level for long. The volatility is likely to persist, knowing that the Federal Reserve of the United States can raise interest rates faster than predicted in the face of surging inflation figures. Related Reading | Battle Of The Hedges: How Gold And Bitcoin Have Performed With Russia-Ukraine Conflict

Turns Out Crypto (Mostly) Liked the Executive Order

March 10, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ Samuel Reed, the third founder of BitMEX, pled guilty to violating[...]

The post Turns Out Crypto (Mostly) Liked the Executive Order appeared first on Unchained Podcast.

Biden’s Crypto Executive Order Mentions Risk 47 Times, Opportunities Only Twice

Biden signing crypto order, March 2022

US president Joe Biden’s executive order on cryptos (pictured signing it) is heavily skewed towards risks and almost completely overlooks any opportunities that may arise from this new technology. In...

Biden pushes the U.S. on CBDCs in sweeping crypto executive order

President Joe Biden on Wednesday urged the federal government to research and develop a digital dollar in an executive order describing broader directives for a coordinated and comprehensive U.S. approach to digital assets. See related article: CBDC tracker shows U.S. falling further behind Fast facts “My Administration places the highest urgency on research and development […]

Technical Analysis: LUNA Hits New High, as Biden Signs Crypto Executive Order

Technical Analysis: LUNA Hits New High, as Biden Signs Crypto Executive OrderLUNA hit a new all-time high, as markets reacted to news that U.S. president Joe Biden had signed an executive order on cryptocurrencies. Biden wants his government to examine the “risks and benefits” of crypto, news of which sent the likes of NEAR and ANC almost 20% higher. Terra (LUNA) Following a bear run that […]

Bitcoin ($BTC) Price Surges 8% as Crypto Executive Order Looks to Support ‘Responsible Innovation’

The price of the flagship cryptocurrency Bitcoin ()$BC1 moved up more than 8.5% in the last 24-hour period after a now-deleted statement on the White House’s long-awaited cryptocurrency executive order suggested it is looking to support “responsible innovation.” Data shows BTC’s price jumped to a high near the $42,500 after the statement on the executive […]

President Biden Signs Long-Awaited Crypto Executive Order

President Biden signed an executive order that seeks to establish a strategy to regulate the cryptocurrency industry.

Biden Signs Crypto Executive Order Promoting “Responsible Innovation”

President Joe Biden

The long-awaited executive order sets high-level goals for federal policy, but the details are yet to become clear

The post Biden Signs Crypto Executive Order Promoting “Responsible Innovation” appeared first on Blockworks.

Market Analysis Report (09 Mar 2022)

Biden’s Crypto Executive Order to Support’ Responsible Innovation’ | Goldman Sachs Offers Clients Access to Ethereum Fund | VanEck Launches Cryptocurrency Mining ETF

Coinbase Has Blocked 25K Russian Crypto Addresses

March 8, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ President Joe Biden is expected to sign a crypto executive order[...]

The post Coinbase Has Blocked 25K Russian Crypto Addresses appeared first on Unchained Podcast.

US Executive Order On Crypto Expected This Week

President Joe Biden is expected to sign an executive order with a comprehensive outline on the regulation of crypto assets, according to reports from Bloomberg. The order will instruct the Justice Department, Treasury and other government agencies to examine the legal and economic implications of creating a US-backed central bank digital currency (CBDC), according to […]

The post US Executive Order On Crypto Expected This Week appeared first on Coin Bureau.

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