Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Biden’s Pending Crypto Order Met With Indecisive Price Movement

Published 03/09/2022, 12:55 AM
Updated 03/09/2022, 01:00 AM
Biden’s Pending Crypto Order Met With Indecisive Price Movement

  • The cryptocurrency market remains flat in anticipation of Biden’s pending executive order.
  • The 24 hour price movements of the top 10 cryptocurrencies remain below 3%.
  • The cryptocurrency market is still feeling the effects of the sell-off triggered by the Russia-Ukraine crisis.

The cryptocurrency market remains relatively flat in anticipation of US President Joe Biden’s pending executive order.

President Biden is expected to sign an executive order this week that will serve as the first step towards regulating how digital currencies are traded in the US.

This move by the president comes after raised concerns by administration officials regarding Russia’s use of cryptocurrency to evade the impact of crushing sanctions following its Ukraine invasion.

According to two anonymous sources familiar with the process, the executive order is expected to be issued this week and had been in the works long before the war between Russia and Ukraine.

The order is expected to describe wha ...

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.