Bitcoin is on the rise with the US decree

Bitcoin has exceeded $42,000 with a hard rally today. According to CoinGecko data, Ether has increased by 6.7 percent in the last 24 hours, while Terra has increased by about 20 percent. Investors focused on the new US cryptocurrency decree. US President Joe Biden is expected to sign the executive order this week, which includes the central bank's digital currency work and lays out the government's cryptocurrency strategy. US Treasury Secretary Janet Yellen said in a later-deleted statement on the department's website that the ordinance would support innovations that would benefit the public, consumers, and companies.

"It could be the turning point."

Hayden Hughes, CEO of social media platform Alpha Impact, stated that adequate regulations have not been made for the cryptocurrency market in the USA for years and said, "If clear principles can be determined on this issue, it could be a turning point for the industry." Bitcoin has been fluctuating in the range of 33,000–48,000 dollars since the beginning of the year.