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The night before, the crypto market turned out to be in the green zone after the US Treasury supported a document on stimulating the development of the blockchain industry. By the end of this week, American leader Joe Biden intends to sign it.
This decree is designed to ensure market transparency and investor protection. The bitcoin exchange rate on the morning of Wednesday, March 9, strengthened to $42,300. Overnight, BTC capitalization increased by more than 7% to $792.067 billion.
Other virtual currencies are also adding in value against the backdrop of improving investor sentiment. Ether (ETH) and Binance Coin (BNB) rose during the Asian session to $2,735 and $394, respectively.
The most successful was the Terra (LUNA) token, which has been very popular among whales lately. This altcoin jumped almost 20% to $97.57. XRP, Cardano (ADA) and Solana (SOL) rose to $0.753, $0.843 and $88.82. Market capitalization increased to $1.833 trillion.
Positive returned to the US market after Treasury Secretary Janet Yellen supported Joe Biden’s decree. According to her, this document creates the conditions for a more accelerated introduction of innovations and the emergence of conditions that stimulate the development of the industry.
The finance department is ready to work with other authorities to ensure the stability and transparency of the digital asset market, Yellen emphasized.
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