Bitcoin price rejection at $39K and mounting regulatory concerns tank the market again

Volatility and choppy price action continued to dominate the cryptocurrency market on March 7 and news that United States President Joe Biden plans to sign an executive order later this week that will outline the government’s strategy for cryptocurrencies was added to the list of factors weighing down crypto prices. 

Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin (BTC) bulls were thwarted in an attempt to regain support at $40,000 on Monday as revelations about the…


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