Bitcoin Gained Value With The Latest Developments

Today, Bitcoin gained value with the latest developments. Joe Biden and Elon Musk contributed to the rise.

US President Joe Biden signed the anticipated cryptocurrency decree. The decree states, "The United States must mitigate consumer, corporate and financial risks while maintaining its technological leadership and fostering innovation in this rapidly growing space." In the decree, President Biden also directed the relevant ministries to investigate the infrastructure needed for the Central Bank to issue a digital currency. With the publication of the decree, there was no significant movement in prices at first. Bitcoin, which dropped below $35,000 the previous night, reached above $42,000 this morning. The daily rise in Bitcoin has exceeded 9 percent. Before the news that the decree would be published, Bitcoin was hovering in the 39,500-40,000 range. Ethereum, the second largest cryptocurrency in terms of market value, also gained 6.4% to $ 2,750. The hardest rise in the TOP 10 was seen in Terra (LUNA). LUNA rose 19.8 percent in the last 24 hours to $ 97.