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In Response to Upcoming US Exec Order, BTC Surges to Over $41K

Published 03/09/2022, 03:45 AM
Updated 03/09/2022, 04:00 AM
© Reuters.  In Response to Upcoming US Exec Order, BTC Surges to Over $41K
BTC/USD
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  • BTC breaks $40k resistance level.
  • Bitcoin trades over $41K.
  • BTC price performance remains good prior to US executive order.

The bullish market favors Bitcoin once again as it trades over $41k, breaking free from its $40k resistance level. Furthermore, BTC is now trading almost $30 billion in the past 24 hours, an amount that justifies the overwhelming number of investors of BTC. This performance of the coin recorded a 24-hour growth rate of over +8%.

Meanwhile, the news about the American President Joe Biden signing an executive order about Bitcoin and cryptocurrencies also impacts the recent price performance of the coin. It is said that Biden will sign the executive order this week. The order is expected to address the issues faced by digital assets or cryptocurrencies in the country.

In terms of the ongoing crisis between Russia and

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