New York (Netavizen): Several cryptocurrencies are experiencing a sharp rally, after it became known that US President Joe Biden will issue a presidential order on the cryptocurrency on Wednesday.
On Wednesday, Biden signed a presidential order requiring the government to study the risks and benefits of cryptocurrencies.
According to CNBC, the actions will focus on six key areas: consumer protection, financial stability, illegal activity, US competitiveness, financial inclusion, and responsible innovation.
In addition, the Biden administration also wants to explore a digital version of the dollar.
Rumors circulated about the presidential order before it was signed, which contributed to the sharp rise of many cryptocurrencies.
On Wednesday night, the price of Bitcoin surged more than 9.1 percent, to just $42,100.
On the other hand, Ether rose 5.8 percent to $2,712.
Oil prices go down – Wall Street goes up
On Wednesday, oil prices fell sharply by 12 percent to about $113 a barrel, after news that Ukraine was ready to make concessions with Russia.
My goal in all negotiations is to end the war with Russia. I am also ready to take certain steps, Urkaina president Volodymyr Zelenskyj tells German Bild, according to the NTB.
Concessions can be made, but they must not be a betrayal of my country. He adds that the other party must also be willing to compromise – which is why they are called compromises.
It also led to a rally on Wall Street as the Nasdaq finished as high as 3.6 percent, making it the best day since November 2020.
The Dow Jones finished above 650, down 2%, while the S&P 500 finished 2.6% higher, marking its best day since June 2020.
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