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Bitcoin spikes 8% after apparent release of Yellen statement.

BabaYaga

2022-03-09 (10:42:23)

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KEY POINTS

• Bitcoin and other cryptocurrencies spiked after the U.S. Treasury apparently released details of an executive order from President Joe Biden.

• The Treasury statement was removed shortly after being published but was seen as broadly supportive for the cryptocurrency industry.

• Bitcoin was trading at $41,584.21, nearly 9% higher as of 2:17 a.m. ET, according to data from CoinDesk. Other cryptocurrencies including ether were also sharply higher.

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