Crypto Market Recovers; Biden's Crypto Directive Applauded
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In the early hours of Wednesday, the broader crypto market staged a mini-comeback after the leaked remarks by U.S. Treasury Secretary Janet Yellen revealed a friendlier-than-expected stance with regards to U.S. President Biden's crypto order. On the back of this, BTC managed to swiftly clear the $40k psychological barrier after posting a decent 8% gain in a matter of hours. The largest crypto by market cap has since extended its upside gains and is currently trading above the $41k level as of the time of writing. In a similar vein, ETH saw a break above the $2,700 level, whilst major altcoins also flipped green. The altcoin recovery charge is very much led by top-performers LUNA, after it posted an impressive 17% gain from 24 hours ago.