• Bitcoin initiated another leg up late on Friday and tapped $23,500 but was stopped in its tracks and has returned to familiar ground.
• Most altcoins have charted more impressive gains, led by Avalanche, MATIC, OKB, Dogecoin, and others.
• It was last week when the primary cryptocurrency skyrocketed from $21,000 to a multi-month high above $23,000.

Recently, the price of Bitcoin has been on an upward trajectory as it has risen from $21,000 to a multi-month high of $23,000. This is a 40% increase in value since the start of the year, which is an impressive start for the leading cryptocurrency. Late on Friday, Bitcoin attempted to break through this resistance and tap the $23,500 mark, yet it was pushed back and returned to its familiar ground.

Altcoins have been performing even better over the past 24 hours. Avalanche, MATIC, OKB, Dogecoin and other alternative coins have all seen impressive gains, with Avalanche leading the way with a 14% surge in value. On Wednesday night, Bitcoin experienced a price pump which saw it jump to $23,800 for the first time in over four months. Unfortunately for buyers, the bears quickly stepped in and sent the price back down again.

Overall, Bitcoin has been on a positive streak, yet it has been unable to break through the $23,500 resistance. Whether it can do this in the near-term remains to be seen. Altcoins have been able to perform well in the past 24 hours, which could indicate that there is still more upside potential to be explored in the crypto market.

• The Biden Administration announced a new roadmap to regulate cryptocurrencies and provide clarity to the industry.
• The new legal framework seeks to combat the multiple cryptocurrency scams that impacted the crypto market last year and protect investors.
• It aims to ensure that cryptocurrencies cannot undermine the financial stability of the United States.

The Biden Administration recently announced a new roadmap to regulate cryptocurrencies and provide clarity to the industry in the coming months. The new legal framework seeks to combat the multiple cryptocurrency scams that impacted the crypto market last year and protect investors from fraud and other risks.

The White House stated that “2022 was a tough year for cryptocurrencies,” and that the new framework will help to mitigate the risks associated with them. It will also help to ensure that cryptocurrencies cannot be used to undermine the financial stability of the United States.

The roadmap includes measures to strengthen consumer protection, establish a regulatory framework for the cryptocurrency market, and combat money laundering and terrorist financing. It will also provide clarity to the industry by providing guidance on how to comply with the law and protect investors.

The Biden Administration is also looking to work with other countries and international organizations to ensure that cryptocurrencies are not being used to facilitate illegal activities, such as money laundering and terrorist financing. This will help to ensure that the cryptocurrency market is safe and secure for everyone.

The White House is also looking to work with regulators and industry stakeholders to ensure that the regulatory framework is comprehensive and effective. This will help to ensure that the cryptocurrency market remains an attractive and safe investment for investors.

The Biden Administration is confident that this new framework will help to protect investors and ensure the stability of the cryptocurrency market. It will also help to establish the United States as a leader in the cryptocurrency space and provide clarity to the industry.