Crypto Rallies After No Specific Positions Revealed In Executive Order – March 9

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$42,264

Bitcoin price has bounced all the way back above $42,000 to begin the day, as Biden’s executive order proves to be less impactful than expected.

Top-20 altcoins have performed extremely well, as Ethereum gains 8%, BNB rises 4% and Terra rallies a massive 26% over the last 24 hours.

Top Stories for March 9, 2022 🔥

👉 Crypto Rallies After No Specific Positions Revealed In Executive Order

The cryptocurrency market has rallied, after no specific position was revealed against crypto in Joe Biden’s newly-issued executive order.

Biden signed the executive order on cryptocurrencies this morning, with the previously reported details showing to be correct. The order directs government agencies to draft crypto regulations, with no bias articulated “for” or “against” the industry.

The order contains six key priorities for the current administration, centered on national security, financial stability and preventing illicit uses.

👉 Avalanche Announces $290M Subnet Incentive Program

The Avalanche ecosystem has announced an incentive program worth $290 million, to encourage the use and adoption of Avalanche subnets. The program, funded with up to 4 million AVAX tokens, will focus on gaming, DeFi, NFTs and institutional applications.

Avalanche Foundation director Emin Gün Sirer believes subnets are an important innovation to the industry, due to their ability to enable app-specific functions.

👉 Derivatives Exchange dYdX Launches iOS App In Beta

Decentralized crypto derivatives exchange dYdX has released an iOS mobile app in beta, currently available to 10,000 users who meet the requirements for testing. In order to apply, users must hold certain dYdX-related tokens or apply for a referral waitlist.

The app is designed to have a user experience similar to that of a centralized exchange, representing a significant change from using an internet browser to access the platform.