Market Wrap: Bitcoin jumps after the white house introduced the crypto-executive order

While Yellen addressed the potential problems that could bring digital assets with them, she also said that the creation of laws could help both consumers and companies.

"The Historical Executive Ordinance of President Biden calls for a coordinated and comprehensive approach for politics for digital assets," said Yellen. "This approach will support responsible innovations that can lead to significant advantages for the nation, consumers and companies."

The step of the USA to regulate crypto - which most industry observers described as fair - made Bitcoin swell. The cryptocurrency increased by almost 10 % during the day before it ended the stock trade with a break -in of 7.96 %.

The rest of the cryptoma market followed and ether ether by 4.2 % and the entire market capitalization of cryptocurrency increased by 5.72 %.

Thorchain, a decentralized liquidity protocol, recorded an increase in native rune tokens by almost 30 % on this day and was the biggest winner among the top 100 cryptocurrencies after market capitalization.

The stock markets also rose in Ukraine despite the continued tensions, with the S&P 500 booking a profit of 2.57 %. Nasdaq and Dow also rose and rose by 3.58 % and 2 %.

Top stories

Story: Dubai is the latest government that introduces a crypto law and establishes a regulatory authority

• The Dubai Financial Services Authority publishes a report on the regulation of crypto token
• The proposal calls for the ban on "privacy tokens" and "algorithmic tokens".

Story: Defi hedge fund, fresh from profitable private betting, starts first venture vehicles

• The introduction is one of a growing number of hedge fund managers who want to focus on digital assets and want to increase their engagements in crypto private markets
• The company invested in Animoca Brands, the parent company of The Sandbox Metaverse, when the company had a value of $ 1 billion

Story: The Blockchain Fund from Pantera Capital has commitments of 1 billion USD

• The partner of Pantera calls Gaming "a huge sector for the coming years" in the crypto room
• The fund's venture equity deals range from $ 1 million to about $ 40 million, typically as part of seed, series A or Serie B financing rounds

Story: Biden signed Crypto Executive Order to promote “responsible innovation”

• biden calls for a uniform approach to the regulation and evaluation of cryptocurrencies
• industry representatives welcome regulation, but ask that their voices are heard

go forward

Bitcoin has experienced a number of higher lows, which indicates that the worst could be behind the cryptocurrency. Investors should continue to be careful of volatility, which is due to the Ukraine conflict and the upcoming interest session of the Fed in mid-March.

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The Post Market Wrap: Bitcoin jumps after the White House has introduced the Crypto Executive Order, there is no financial advice.