Technical Analysis: LUNA Hits New High, as Biden Signs Crypto Executive Order
LUNA hit a new all-time high, as markets reacted to news that U.S. president Joe Biden had signed an executive order on cryptocurrencies. Biden wants his government to examine the “risks and benefits” of crypto, news of which sent the likes of NEAR and ANC almost 20% higher. Terra (LUNA) Following a bear run that lasted almost seven days, terra (LUNA) rallied on Wednesday to reclaim its position as the world’s sixth-largest cryptocurrency. As of writing this, LUNA/USD is up by over 25% on the day, breaking past its resistance of $86.24 in the....
Related News
The long-awaited executive order on crypto by President Joe Biden is here. In an unprecedented move for a US president, Joe Biden has signed his 82nd executive order since taking office in January 2021, expressly addressing a legal framework for digital assets. While the executive order is the first big move to pull the government […]
U.S. President Joe Biden has signed a “historic” executive order on crypto assets, establishing “a national policy for digital assets across six key priorities,” the White House stated. The executive order outlines “the first-ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.” President Joe Biden’s Executive Order on Crypto Signed U.S. President Joe Biden signed a long-awaited executive order on crypto Wednesday, according to an announcement by....
United States President Joe Biden is poised to ink a crypto executive order this week, an administration official with knowledge of the matter disclosed. The EO will direct government agencies to conduct detailed examinations of various areas of the crypto asset landscape in order to develop an extensive regulatory framework. According to reports, the executive […]
Less than 24 hours after U.S. President Biden’s executive order, cryptocurrency markets were back in the red, as the global market cap fell by over 5%. Bitcoin was once again trading below $40,000, with ETH hovering marginally above $2,500. Bitcoin As the smoke clears following yesterday’s executive order, crypto traders seem to be coming to terms with what this announcement could mean for the space long-term. The world’s largest cryptocurrency is currently down by over 7% on Thursday, wiping out all of yesterday’s gains. Following Wednesday’s peak of....
U.S. President Joe Biden is reportedly expected to issue an executive order on cryptocurrency this week. It will direct a wide range of government agencies to come up with a government-wide strategy to regulate crypto assets.
Executive Order on Crypto Expected This Week
U.S. President Joe Biden is expected to issue an executive order on cryptocurrency this week, an administration official familiar with the matter reportedly told Yahoo Finance. The news of the Biden administration preparing an executive order on crypto was first reported in January.
The executive....