- Crypto market cap surges to over +6%.
- LUNA, MONERO and NEAR surge to over +15%.
- Bitcoin trades over $41K.
Green is the color that most of the altcoins in the market are waving right now. In fact, the whole market cap of the crypto space has been up by over +6% in the past 24-hours. Furthermore, digital assets such as LUNA, MONERO, and NEAR are some cryptos that contribute well to this market surge. As a result, these altcoins have had over a +15% growth rate in the last 24-hours, a trend favored by global investors.
This made co-founder of cryptocurrency exchange Gemini, Cameron Winklevoss, react through Twitter (NYSE:TWTR):
.@SecYellen‘s statement on @POTUS‘s executive order on crypto was apparently posted early. Based on remarks, crypto EO is positive and calls for “coordinated and comprehensive approach to digital asset policy” that “will support responsible innovation.”https://t.co/Z1URnWGzMu— Cameron Winklevoss (@cameron) March 9, 2022
In the tweet post, Winklevoss stated things about a statement made by the US treasury secretary.
@SecYellen’s statement on @POTUS’s executive order on crypto was apparently posted early. Based on remarks, crypto EO is positive and calls for “coordinated and comprehensive approach to digital asset policy” that “will support responsible innovation.
The post was retweeted over a hundred times and continues to grow its likes over time.
Meanwhile, experts see this statement of the US treasury secretary as one of the reasons why most of the cryptos in the market are on a bullish trend. The king of crypto assets Bitcoin jumped its growth rate to over +8% in the past 24 hours. As a result, traders and investors are now looking forward to Bitcoin reaching new high levels.
On the other hand, the world continues to watch the ongoing crisis between Russia and Ukraine. As the world economy shakes and declines, the crypto market continues to rise and maintain its position. Hence, crypto investors and traders may expect more great trends in the days to come.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.