First Mover: Stimulus Winning as Biden Surges in Polls and Bitcoin Eyes $12K
Bitcoin nears $12K after six-day winning streak, as analysts predict economy will need trillions of dollars of stimulus.
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As U.S. President Donald Trump fades in election polls, Wall Street analysts are sketching out the market implications of legislative races.
Bitcoin extended its recovery trend as traders shifted their focus on Joe Biden's stimulus plan expected later on Thursday.
On the heels of the last stimulus package, U.S. President Joe Biden is creating more legislation that may lead to a massive $3 trillion package dedicated to domestic needs and infrastructure. The recent discussions with Biden and Senate Democrats honed in on the political party’s “Build Back Better” campaign. The recent stimulus talks have a few economists feeling optimistic about the future of the American economy, while Treasury Secretary Janet Yellen has said: “the next stimulus bill will have to be paid for through higher tax rates.” Biden and Senate....
As prices consolidate below $20K, traders cue off macroeconomic factors - like Biden remark that $908B stimulus would be "down payment."
U.S. politicians are talking about stimulus again in order to bolster American jobs and President Joe Biden’s infrastructure plan. At the end of last week, White House press secretary Jen Psaki explained that Biden would meet with bipartisan members of Congress on Monday in order to push his proposal. According to reports, Biden’s proposed plan could be a touch smaller than the estimated $2.25 trillion. Biden Suggests Scaling Back the $2.25 Trillion ‘Build Back a Better America’ Infrastructure Proposal The U.S. government is talking about creating more stimulus in....