Crypto markets went into a slow decline following the initial optimism surrounding Joe Biden's executive order regarding crypto.
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Crypto markets went into a slow decline following the initial optimism surrounding Joe Biden's executive order regarding crypto.
On Wednesday, President Joe Biden signed an executive order regarding cryptocurrencies that directed federal agencies to work together to address the issue.
According to Michael Chobanian, founder of the Kyiv-based cryptocurrency exchange Kuna, at least $14 million has already been disbursed from the $26 million in crypto that the Ukrainian government raised during the Russian invasion.
The price of Bitcoin has experienced a bumpy ride since its November 2021 peak, but it was somehow steady during the second week in February. However, analysts predict a volatile few more weeks, especially during the ongoing European crisis.
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