Bitcoin jumped above $42,000 intra day amid a sharp rally in digital tokens, spurred by optimism about a US overhaul of crypto oversight that Treasury Secretary Janet Yellen called “historic.”
US President Joe Biden signed an executive order on Wednesday requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other cryptocurrency issues, the White House said.
The largest cryptocurrency rose as much as 10 per cent to $42,427 on Wednesday morning in New York, its highest level since March 2. Ether climbed 8 per cent while so-called privacy coins like Monero posted

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