Bitcoin rises to $42,000 on the possible creation of a new digital currency backed by the US Federal Reserve.

Bitcoin rises to $42,000 on the possible creation of a new digital currency backed by the US Federal Reserve.

The price of the most used cryptocurrency in the world, bitcoin, has shot up this Wednesday and, after rising about 8%, has exceeded $42,000influenced by information suggesting that the US could be evaluating creating its own cryptocurrency.

Last week bitcoin reached drop below its $40,000 supportHowever, today it exceeds the barrier of 42,000 dollars, according to data from Bloomberg collected by Eph.

At the close of Wall Street yesterday, bitcoin was trading at the $38,500 level.

All this coincides with the possibility that the President of the United States, Joe Biden, will sign a decree this week in which he will order his Government to evaluate the creation of an American cryptocurrencyaccording to the newspaper The Wall Street Journal.

Biden will also ask the Treasury Department to examine the potential risks that cryptocurrencies pose to financial stability or national security, including through illicit finance.

Also, after the outbreak of war between Russia and Ukraine A flight to cryptocurrencies has been generated to minimize the loss of purchasing power, according to IG analysts.

Like bitcoin, other cryptocurrencies are also experiencing increases today, as is the case with ethereum, which after advancing close to 7%, has stood at 2,758 dollars. (I)

Source: Eluniverso

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