Yesterday(3/9 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $38720, its lowest as $38641, its highest as $42596, its closing as $41953. After hitting a low right after the start of Wednesday, Bitcoin started rising, breaking through $40k at 03:15, $41k at 03:45, $42k at 08:30 and then reaching a high at 15:45. After moving sideways, it ended 8.4% up.
If you look at the 4hr chart, btc showed a move to break the 100MA and 50MA at once by raising $2,700 within 1st 4hours, which can be seen as a big rise due to good news. And on the daily chart, Bitcoin, which had an upward turn after a long decline the previous day, broke through the 50MA, and it can be said that the additional news are needed to break through the 100MA.
Bitcoin's big rise yesterday was seen as a big boon to the market, as an executive order signed by US President Biden said that "the government needs to adjust its approach to cryptocurrencies.". I guess this was interpreted in contrast to the EU and many other countries that said they would regulate cryptocurrency, and it seems true that it is only good news for not saying "I will get rid of cryptocurrency.".
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