Bitcoin Eyes $50K with Weaker Dollar, Stimulus, and Tesla in Focus

Bitcoin prices fell for the third consecutive session on Tuesday as a stronger US dollar countered the US Senate's approval of a long-pending coronavirus stimulus package.

Bitcoin extended its recovery trend as traders shifted their focus on Joe Biden's stimulus plan expected later on Thursday.

Bitcoin nears $12K after six-day winning streak, as analysts predict economy will need trillions of dollars of stimulus.

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....

Two new stimulus packages have been proposed while lawmakers continue to push for second stimulus checks to help Americans cope with the coronavirus-led economic crisis. House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell want to add stimulus measures to the spending bill that must be passed before the Dec. 11 deadline. Stimulus Measures Could Be Added to Spending Bill That Must Pass This Week U.S. lawmakers unveiled new stimulus proposals last week after months of negotiations with no progress on either a new coronavirus relief stimulus package or second stimulus checks....