Altcoins Grab the Spotlight in Changing Crypto Landscape

Now that cryptocurrencies no longer have a regulatory target on their backs, they've got every reason to soar.

President Biden's crypto-friendly executive order encourages blockchain development and innovation in the US, including the potential for a digital dollar.

The crypto nod is validation for the 40 million Americans who have already had some exposure to cryptocurrencies.

The 94th Academy Awards also marks the first time since 2011 the Oscars will have three hosts presiding over the program: Amy Schumer, Wanda Sykes, and Regina Hall.

The regulatory tailwinds initially catapulted the bitcoin price by a double-digit percentage to above the $40,000 level, but it didn't last. As is often the case, crypto continues to take investors on a roller coaster ride.

Bitcoin's dominance in the broader market hovers at 42.5%, so it wasn't long before other cryptocurrencies followed its lead.

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