Stimulus

COVID-19 Stimulus Checks Fueled ‘Modest’ Jump in Bitcoin Price Last Year: Cleveland Fed

Policymakers should not be concerned, the researchers wrote: Only 0.02% of coronavirus-relief checks ended up in bitcoin.

News  ·  16 July 2021

What Would Biden’s Tax Hikes Mean for Bitcoin?

Tax hikes could encourage profit taking in cryptocurrencies, but some investors remain bullish as ongoing stimulus could trigger inflation.

Markets  ·  13 April 2021
Bitcoin

Market Wrap: Bitcoin Stuck Around $58K; Monthly Volatility Drops to 3-Month Low

Bitcoin’s struggle to retest a key resistance level at $60,000 has “dampened” market sentiment, said one trader.

Markets  ·  9 April 2021
Bitcoin

No ‘Stimmy’ Rally: Why the $1,400 Checks Brought So Little Bitcoin Stimulus

Slowing bitcoin volume suggests retail traders are less active with their "stimmy" checks compared to 2020.

Markets  ·  9 April 2021
Markets

US Bitcoin Exchanges See No Major Uptick in Stimulus-Related Buying

The stimulus checks are in the mail so it might be too early to call the hyped-up episode a dud.

Markets  ·  25 March 2021
Markets

Bitcoin 1Q Retail Flow Exceeding Institutional Investment: JPMorgan Strategist

The decline in institutional investment may be one reason behind bitcoin's failure to hold above $60,000.

Markets  ·  15 March 2021
CoinFlash

Nearly $40B in US Stimulus Checks May Be Spent on Bitcoin and Stocks: Mizuho Survey

The survey by Mizuho Securities estimates that 10% of the $380 billion to be issued as checks could be used to invest.

Markets  ·  15 March 2021
Inflation

Record-Breaking $1.9T Relief Bill Passes US House, Heads to Biden’s Desk

The measure may contribute to temporary inflation during the summer, economists say.

Markets  ·  10 March 2021
Bitcoin

Bitcoin’s Stimulus-Led Rise Fades as Stocks Drop, Dollar Gains

Stronger bond yields and a rising dollar are capping price progress for risk assets.

Markets  ·  8 March 2021
Uniswap

Bitcoin Retakes $50K on US Stimulus Progress; Uniswap’s UNI Cracks the Top 10

The top cryptocurrency is changing hands near $50,500 at press time, representing a 4% gain on the day, having clocked a high of $51,320 early today, according to CoinDesk 20 data.

News  ·  7 March 2021
Stimulus

US Senate Approves $1.9T Stimulus Plan; Measure Now Returns to the House

The Senate passed President Joe Biden’s $1.9 trillion Covid 19 relief package Saturday, a possible positive development for cryptocurrencies. Why this matters to the crypto world:

Markets  ·  6 March 2021
Markets

Bitcoin’s Price Surge Accelerates After Passing Milestone of $1T Market Value

The price could go higher, unless traders start taking profits.

Markets  ·  19 February 2021
Stimulus

US President Biden: ‘I’m Not Cutting the Size of the Checks’ for Fiscal Relief

The comments came after reports the White House was considering reducing the size of its proposed stimulus package.

Business  ·  5 February 2021
Inflation

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

After Joe Biden's inauguration on Jan. 20, an expected raft of new stimulus measures may further boost bitcoin's rally, say analysts.

Markets  ·  8 January 2021
Congress

US Lawmakers Reach Agreement on Stimulus Bill, Vote Could Come Tonight, McConnell Says: CNBC

Negotiators on Sunday were hammering out final details of a $900 million pandemic stimulus, the Wall Street Journal reported.

Markets  ·  20 December 2020