Bitcoin bull outlines 7 steps to more fiscal stimulus and higher BTC prices
Bitcoin's drop below $30,000 has sparked worries that it is heading to $20,000 next. But is such a massive drop feasible against the current macro fundamentals? A recent sell-off in the Bitcoin (BTC) market pushed its prices below the key psychological support of $30,000. While the cryptocurrency's move downhill prompted many analysts, including Luno exchange's Vijay Nayyar and Kinetic Capital's Jehan Chu, to predict a further depressive move below $25,000, Anthony Pompliano offered a contrasting bullish outlook.The Morgan Creek Digital Assets founder pitted risk-on markets against the....
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Bitcoin has continued to explode higher over the past 24 hours. The coin now trades for $12,750, around 7% higher than it was just 24 hours ago. This latest leg higher in the Bitcoin price can be pinned to two fundamental news events: PayPal adding crypto and more fiscal stimulus coming. Bitcoin Rallies Higher as Stimulus Talks Continue Bitcoin has continued to explode higher over the past 24 hours. The coin currently trades for $12,750, […]
Biden’s fiscal stimulus plan could send the BTC price rocketing higher. The incoming Biden administration’s plan to flood the U.S. economy with trillions of dollars could ignite the next leg of the Bitcoin (BTC) bull market, as more investors seek refuge from a crumbling United States dollar. Axios, an Arlington-based news outlet, reported Thursday that Joe Biden has asked Congress to provide Americans with $2,000 in stimulus payments to help offset the economic devastation of Covid-19. The incoming president has also proposed a $3 trillion tax and infrastructure package as part of his....
People who invested their first stimulus check into Bitcoin in April 2020, would now have more than $10,000. A Twitter account named “$1200 Stimulus Is Now Worth” has been tracking how much the first US $1200 stimulus would be worth if you invested in Bitcoin when the funds were sent out from April 15, 2020. The passing of the first $1200 stimulus bill in April last year corresponded with a huge bull run in the cryptocurrency and stock markets. Bitcoin was sitting at $6,848 on April 15, and if you had invested the $1200 stimulus then it would now be worth $10,211 at today's prices of....
Amid the intense stimulus relief aid discussion, House Speaker Nancy Pelosi has set a deadline for the White House to come to an agreement on the next stimulus package which provides a second round of stimulus checks for Americans. Meanwhile, the Senate is set to vote on a smaller stimulus bill without direct payments this week. Deadline for Stimulus Negotiations Stimulus packages to help Americans cope with the coronavirus-driven economic crisis have been heavily discussed this week as U.S. lawmakers hope to approve new relief aid before the November presidential election. Six proposed....
Bitcoin is exploding higher on the back of two extremely positive fundamental events: PayPal adding support for cryptocurrency and the U.S. confirming an imminent fiscal stimulus package. BTC currently trades for $12,800, far above the lows seen just a week ago at $11,200. Source: BTCUSD from TradingView.com The price of Bitcoin plunged last week as […]