Tags : Stimulus

Bitcoin

Crypto Exchange Inflows Swell as Stimulus Checks Arrive, But Will

When the U.S. Congress approved Biden’s $1.9 trillion pandemic response stimulus package last week, the crypto market boomed as Bitcoin surged to an all-time high. The largest cryptocurrency rose to over $61,500, led by optimism that the stimulus payments would be a boon to the digital asset’s months-long rally. However, as traditional equity markets showed […]Read More

Bitcoin

Stimulus Checks Arrive: Is Bitcoin Set to Hit Another Record

US retail traders are gearing up to put billions of dollars into the bitcoin market when stimulus payments begin entering bank accounts later this week, adding more speed to a trading frenzy that swept the cryptocurrency industry last year. Small investors are likely to buy almost $40 billion worth of bitcoin and rival cryptocurrencies when […]Read More

Bitcoin

2 in 5 Americans to invest stimulus checks into Bitcoin

A new survey found investors were more likely to bet on Bitcoin and other cryptocurrencies ahead of stocks with the proceeds from the upcoming round of stimulus checks. The checks are coming for Bitcoin Japanese megabank Mizuho found in a recent survey that stimulus check recipients in the US were more likely to invest in […]Read More

Bitcoin

One Year Later: Bitcoin Emerges As “The Stimulus Asset”

Bitcoin price is trading at above $52,000 currently, yet less than one year ago from today it struggled to crack $10,000. Failure sent the cryptocurrency plummeting to Black Thursday lows, but from there confirmed the bear market was over, and has been in an uptrend ever since. During that time, compared to all other assets, […]Read More

Bitcoin

The $1200 U.S. stimulus payment invested in Bitcoin in April

If the recipient of a U.S. stimulus payment in April invested the check into Bitcoin, the check would now be worth $6,495. Since April, in merely nine months, the price of Bitcoin has rallied 441%, posting one of its strongest rallies in recent history. $6495 (+441%)#bitcoin — $1200 Stimulus Is Now Worth (@BitcoinStimulus) January 13, […]Read More

Bitcoin

Bitcoin Eyes Bull Run Towards $40K Ahead of Biden’s Stimulus

Bitcoin extended its recovery trend as traders shifted their focus on Joe Biden’s stimulus plan expected later on Thursday, hoping that a generous spending package would pressure the US dollar and boost demand for alternative safe-haven assets. The US president-elect’s proposal expects to increase the federal deficit by around $2 trillion. His bill might contain […]Read More

Market

Why Joe Biden’s $3T Stimulus Package Could Add Fuel to

The Democratic party narrowly triumphed in Georgia elections held earlier this week, wresting control of the U.S. Senate from the Republicans. As such, the Democratic-controlled House of Representatives now has more freedom to implement its policies. Analysts at UBS Bank believe the unified government legislature will smooth the path to more fiscal stimulus. According to […]Read More

Bitcoin

Bitcoin Weekly Outlook: Expect Gains as Trump Signs Stimulus Bill

Bitcoin is showing no signs of upside exhaustion despite continuous pullback warnings. The flagship cryptocurrency broke north of $28,000 during the weekend session that helped it close the week 11.85 percent higher. Capital kept flocking into the 24/7 Bitcoin market as the rest of the financial industry snoozed itself for the Christmas holiday break. On […]Read More