Bitcoin Spikes 8% After Apparent Release of Yellen Statement on Biden's Crypto Executive Order

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Bitcoin Spikes 8% After Apparent Release of Yellen Statement on Biden's Crypto Executive Order
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The U.S. Treasury published then took down a statement on an unreleased executive order on digital assets which appeared supportive of cryptocurrencies.

Bitcoin and other cryptocurrencies spiked after the U.S. Treasury apparently released details of an executive order from President Joe Biden.

Bitcoin was trading at $41,584.21, nearly 9% higher as of 2:17 a.m. ET, according to data from CoinDesk. Other cryptocurrencies including ether were also sharply higher.and other cryptocurrencies spiked after the U.S. Treasury apparently released details of an executive order from President Joe Biden that appeared to take a supportive stance toward digital assets.

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