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Bitcoin Price Soars Above $41K on Biden’s Crypto Administrative Order Leak


Bitcoin’s price soared in today’s Europe early morning trading session. The cryptocurrency jumped past $41K on a leaked press release containing information on President Biden’s expected administrative order on crypto.

BNN Bloomberg reported earlier today that there’s been a press release leaked on The Treasury Department’s website. The statement has since been removed, and a spokesperson declined to comment for Bloomberg. 
In any case, the leaked document read that

President Biden’s historic executive order calls for a coordinated and comprehensive approach to digital asset policy. This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses.

In addition, the Treasury will be partnering with other agencies to compile a report on the future of payment systems and money, in general.
The text was perceived well by the market.
Bitcoin’s price soared from slightly below $39,000 to just shy of $42,000 and is currently trading at around $41,700.
This entire action also left around $190 million worth of liquidated positions in the past 24 hours, the majority of which are naturally short.

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