Immediately after US President Joe Biden signed an executive order related to the creation of a digital dollar and many issues related to cryptocurrencies, the value of Bitcoin skyrocketed.
The price of Bitcoin and several other popular cryptocurrencies has skyrocketed since the beginning of March 9 (UTC), shortly after US President Joe Biden signed an executive order requiring government agencies to review them.
The benefits and risks of central bank digital dollar creation and many other crypto issues, including the potential to expand acceptance of crypto currencies in the system financial system of the United States.
Accordingly, Mr. Biden asked the Treasury Department, Commerce Department and other key agencies to prepare reports on the "future of money" and the role of cryptocurrencies, as well as digital currencies.
The White House last year said it was considering wide-ranging scrutiny of the cryptocurrency market — including an executive order — in response to the growing threat of ransomware and other cybercrime.
Recorded at 16:00 on 9.3 UTC (23 hours on the same day Vietnam time), the value of Bitcoin (BTC) increased by 10% within 24 hours, reaching a value of $42,540.90. At the same time, Ether (ETH) rose from $2,559.58 to $2,759.00.
Besides that, US crypto miners have also seen growth: Riot Blockchain up 11.9%, Marathon Digital Holdings up 14.6% and Coinbase exchange up 9.4%.