Bitcoin price shot up in the European morning trading session today. The cryptocurrency topped $41K in a leaked press release containing information about President Biden’s expected administrative order on cryptocurrencies.
BNN Bloomberg reported today that a press release was 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 said that
President Biden’s landmark 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 to the nation, consumers, and businesses.
Additionally, the Treasury will partner with other agencies to compile a report on the future of payment systems and money in general. The text was well received by the market. Bitcoin price shot up from just under $39,000 to just under $42,000 and is currently trading at around $41,700. All of this action also left around $190 million in liquidated positions in the last 24 hours, most of which are naturally short.
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This post Bitcoin Price Shoots Above $41,000 Due to Biden Crypto Administrative Warrant Leak
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