Bitcoin’s price soared in today’s Europe early morning trading session. The cryptocurrency jumped past $41K on a leaked press release containing information on President Biden’s expected administrative order on crypto.
- BNN Bloomberg reported earlier today that there’s been a press release leaked on The Treasury Department’s website. The statement has since been removed, and a spokesperson declined to comment for Bloomberg.
- In any case, the leaked document read that
President Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy. This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses.
- In addition, the Treasury will be partnering with other agencies to compile a report on the future of payment systems and money, in general.
- The text was perceived well by the market.
- Bitcoin’s price soared from slightly below $39,000 to just shy of $42,000 and is currently trading at around $41,700.
- This entire action also left around $190 million worth of liquidated positions in the past 24 hours, the majority of which are naturally short.
Written by: George Georgiev
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