Bitcoin’s price has been stuck around $40,000 in recent weeks and has seen surges following the Federal Reserve’s announcement that it would raise interest rates for the first time in three years, and after President Joe Biden’s new executive order on cryptocurrency. The order directs government agencies to coordinate on a strategy to regulate cryptocurrency, and experts say it could bring more stability to the crypto market in the long-term. Bitcoin has also seen extra volatility recently as a result of Russia’s war in Ukraine. With no end in sight, the war will likely continue to drive more volatility in the coming days, experts say. Bitcoin has only been above $45,000 for a few short stretches over the past three months, most recently on March 2. Still, Bitcoin has stayed above its 6-month low below $34,000 in late January. Amid the ups and downs, Bitcoin’s current price is a long way off from the latest all-time high it hit in November, when it went over $68,000. But even with the recent decline in price, Bitcoin is still more than twice as valuable as it was just a couple years ago
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