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Market Wrap: Bitcoin Stabilizes Ahead of Biden's Executive Order on Crypto

Market Wrap: Bitcoin Stabilizes Ahead of Biden's Executive Order on Crypto

Bitcoin (BTC) has held above its $37,000 support level over the past 24 hours, albeit within a tight trading range and with low volume. Still, later this week, an executive order by U.S. President Biden that will outline the government’s strategy for cryptocurrencies could be a source of volatility for bitcoin. "The executive order has been known about before the war in Ukraine and was originally intended to mainly address stablecoins and central bank digital currencies (CBDC)," Marcus Sotiriou, an analyst at U.K.-based digital asset broker GlobalBlock, wrote in an email to CoinDesk....

Mar 8
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