The leading cryptocurrency Bitcoin (BTC) has been on the rise with the news flow from the USA since last night. Along with Bitcoin, there were also movements in altcoins.
US President Joe Biden has officially signed the anticipated cryptocurrency decree. In the decree, it was noteworthy that the crypto money market did not have new regulations, contrary to what was feared. This caused the markets to relax. However, while the protection of investors came to the fore in the decree, it was stated that studies on CBDC should also be done. How
Impacted the Cryptocurrency Market?
Bitcoin has suddenly surged 8.1% in the last 24 hours to over $42,000 for a number of reasons. However, Ethereum was also trading at $2750. If we look at the cryptocurrencies that have risen in the last 1 hour, respectively:
- WAVES: 7.1%
- ZCash: 2.5%
- THETA: 2%
- EGLD : 1.1%
In addition to these, Terra (LUNA) was the token that rose the most in the last 24 hours with a rate of 21%. LUNA was trading at $98.26 at the time of writing. The cryptocurrencies following LUNA are as follows:
- Monero (XMR): 17%
- Arweave (AR): 17.6%
- Zcash: 16.3%
- SNX: 16.3%
- NEAR: 12.4%
As we reported in the morning hours, The Block had reached a document regarding the decree. This leaked document is exactly the same as the one Biden signed. Important points were emphasized in the documents. These points were as follows:
- Protecting investors and consumers
- Maintaining financial stability and reducing risks
- Reducing risks from illegal use
- USA’ Promote good technologically and economically
- CBDC efforts
- Ensuring responsible development and use of digital assets
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