Traders booked profits on the short spike in bitcoin and ether after U.S. President Biden issued the first of its kind executive order on crypto. By shauryamalwa
Crypto traders booked profit on a short spike in bitcoin and ether during the European hours as U.S. President Joe BidenBitcoin jumped to over $42,400 before falling to $42,115 as traders took profits on the sudden move. Ether similarly moved to $2,762 a $20 drop. Ether previously reached $2,773 in early Asian hours,The move followed the upward trend from early Asian hours when bitcoin jumped to over $42,484 from Tuesday’s lows of $38,100.
Bitcoin is up nearly 9% in the past 24 hours. However, it continues to be rangebound between the $38,000 and $44,300 range, data show.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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President Biden to issue cryptocurrency executive order: AP sourcesPresident Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded.
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