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Bitcoin Rally Fades As Markets Anticipate US Inflation Data

United States GlobalBlock Marcus Sotiriou United Kingdom

Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock

The crypto markets performed well yesterday, as Biden’s executive order laid out clear steps for a path towards regulating the industry whilst protecting innovation and South Korea elected a president called Lee Jae-Myung who is crypto friendly. Some policies that have been proposed by Jae-Myung are issuing tokenised securities in order to allow people to benefit from real estate appreciation, to establish a monitoring agency and to bring back initial coin offerings (ICO), which the country banned in 2017.

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