https://ift.tt/NLVpCHv Price Boom: Biden’s Executive Order Leak And Russia Are Pumping The Crypto Price | CryptoGazette

The crypto market looks healthy today and the prices have exploded. The most important coins are trading in the green. You may wonder how this is possible following so many corrections and increased volatility.

Well, there are two important factors that triggered the price rise.

Russia stops selling foreign currency

It’s been just revealed that Russia suspends the sale of foreign currency.

“Russia’s central bank will no longer allow its citizens to buy up foreign currency in a bid to maintain reserves within the country,” according to official notes.

These measures are set to last until at least Sept. 9. It’s also important to add the fact that customers will be able to withdraw a maximum of $10,000 foreign currency from their accounts, all other funds will now be paid in rubles.

Biden’s Bitcoin exec order is leaked

This is another trigger that led to the price increase for Bitcoin and crypto.

Check out more tweets from this press release leak below:

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $41,708.

Bitcoin is stateless money

The other day, we were revealing that the popularity of Bitcoin is on the rise. Since the massive global crisis triggered by the novel coronavirus started back in 2020, Bitcoin has been showing its strength and resilience.

Now, we’re seeing another global crisis and BTC continues to remain strong. Anthony Pompliano just addressed the nature of Bitcoin as money. Check out his important tweet below.

Lots of crypto fans support this idea, but there are also people who are not that sure that things will go flawless with crypto.