Bitcoin (BTC) has held above its $37,000 support level over the past 24 hours, albeit within a tight trading range and with low volume.
Still, later this week, an executive order by U.S. President Biden that will outline the government’s strategy for cryptocurrencies could be a source of volatility for bitcoin.
“The executive order has been known about before the war in Ukraine and was originally intended to mainly address stablecoins and central bank digital currencies (CBDC),” Marcus Sotiriou, an analyst at U.K.-based digital asset broker GlobalBlock, wrote in an email to CoinDesk. “However, due to the increased concerns of Russia using crypto to evade sanctions, many are worried that the order will impose strict regulatory changes that will hinder the crypto industry.”
Elsewhere, Bloomberg reported that European officials are planning a joint bond sale to finance energy and defense…
