BTC fell below the $40,000 support level again after Biden signed an executive order on digital assets, with data showing that the crypto market cap has lost $100 billion since the executive order was signed.
Anthony Pompliano, founder of crypto investment agency Morgan Creek, believes that Biden’s signing of the executive order on digital assets shows that the United States intends to become the leader of the new digital financial system and strengthen the United States’ leadership in the global financial system and technological and economic competitiveness.
Including through the responsible development of payment innovations and digital assets, a move that could put decentralized finance in a bind. The BTC price was around $39,152.82, down 0.1% in 24 hours.