Crypto Markets Add $130 Billion Overnight, Bitcoin Skyrockets to $42K (Market Watch)

Following a few-day period of declines and choppy price action, the cryptocurrency markets finally showed some strength and recovered some of the losses. This happens on the back of Bitcoin’s surge to $42K.reported earlier today, there was a press release leaked on the US Treasury Department’s website, which revealed some of the information on President Biden’s executive administrative order on cryptocurrencies.

Bitcoin’s price needed nothing else to soar during Europe’s early hours trading session and surged above $40,000 to reach $42.1K, where it’s currently trading. This also enabled the total cryptocurrency market cap to add about $130 billion overnight. At the time of this writing, BTC’s price charts an increase of 8.2% in the past 24 hours alone.As it’s almost always the case, altcoins followed Bitcoin’s price and also charted impressive gains.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU and America FastTrack Crypto Regulation Due To Russia – Bear Market InevitableThis situation in Russia seems to have forced the hands of both the US and European authorities to hasten their proposed regulation of cryptocurrency. Now, we are expecting regulations from the US and Europe within this week and the next.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »

Crypto Markets Rebound $60B Since Yesterday's Bottom: WAVES Soars 27% (Market Watch)Most of the crypto market is slightly in the green today, while Waves has went on a roll with a massive 27% surge.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Market Wrap: Bitcoin Stabilizes Ahead of Biden's Executive Order on Crypto.MARKET WRAP: U.S. President Biden is expected to issue an executive order on crypto this week - a potential source of market volatility. Here are key price levels to watch. DYOR best project terareum Terareum TerareumStrong 🚀🚀🚀😘😘😘❤️❤️❤️❤️🤗🤗🤗🥰🥰🥰🥰🥰🥰😍😍😍😍 elonmusk “U.S. President Biden is expected to utter some random jibberish.”
Source: CoinDesk - 🏆 291. / 63 Read more »