Tag: stimulus

Jan 14 2021

Multi-Trillion Dollar Stimulus Hopes Boost Bitcoin, Stocks

Jan 14 2021 Published at Crypto Briefing under tags  analysis covid-19 joe biden stimulus

Bitcoin and stock markets jumped in anticipation of President-elect Joe Biden's plans for a COVID-19 stimulus package amid rising employment claims. Democratic Government Add More Stimulus The S&P 500 index gained 0.3%, trading at par with its all-time high value of $3,826.7. Bitcoin also pushed towards $40,000 yet again, favoring strong demand and Biden's stimulus news acting as a robust catalyst....

Jan 08 2021

BRRR: Biden Readies a New $3T Stimulus Package

Jan 08 2021 Published at CoinDesk under tags  bitcoin inflation joe biden podcasts stimulus

What a new package including more direct payouts to citizens plus big infrastructure spending mean for bitcoin and markets as a whole.

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.

Dec 29 2020

3 Reasons Why Bitcoin Could Hit $30,000 by New Year Eve

Bitcoin has become a tirelessly bullish asset. The benchmark cryptocurrency logged yet another record high on Sunday, hitting $28,387 as traders/investors measured its strength against the US dollar, the global reserve currency that has plunged by more than 12 percent from its mid-March top....

Dec 22 2020

Bitcoin, Stocks Nosedive Despite Incoming $900 Billion Stimulus

Dec 22 2020 Published at Crypto Briefing under tags  coronavirus covid-19 markets stimulus

The narrative for higher gains in the stock market, gold, and Bitcoin following more stimulus failed on Monday. Instead, a new aggressive strain of coronavirus took center stage, fueling apprehensions of...

Dec 20 2020

US Lawmakers ‘Hours Away’ From Stimulus Bill, McConnell Says: WSJ

Negotiators on Sunday were hammering out final details of a $900 million pandemic stimulus bill with Senate Majority Leader Mitch McConnell saying they were hours away from completing the deal, the Wall Street Journal reported.

Dec 10 2020

ECB Boosts Emergency Bond-Buying Program By 37% to €1.85T Amid Pandemic Resurgence

The ECB says the additional monetary policy actions were needed because of a resurgence in coronavirus cases.

Nov 20 2020

Bitcoin Near-Term Outlook Favors Bulls as Stimulus Talks Resume

Nov 20 2020 Published at Crypto Briefing under tags  markets stimulus trading

An increase in short-term bullish BTC momentum has been underway since news broke that U.S. stimulus talks are back on the table. The news comes as...

Oct 21 2020

Bitcoin Crosses $12K as Pelosi and Mnuchin Near Stimulus Deal

Bitcoin rose on renewed optimism for the second coronavirus stimulus package, while the US dollar plunged. House Speaker Nanci Pelosi said a bill for the compromised aid is on the way after confirming a fruitful, 45-minute telephonic conversation with Treasury Secretary Steven...

Oct 16 2020

Bitcoin on Way for Weekly Loss on Fading Stimulus Hopes

Oct 16 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt okex steve mnuchin

Bitcoin slipped on Friday as it looked sure to close the week at a loss in the remaining three days of trading. The benchmark cryptocurrency was down $230, or 2 percent, to $11,279 per token by 0456 UTC. It lost 0.7 percent so far in the week. Its downside mood resurfaced as the US...

Oct 14 2020

Should Bitcoin Traders Worry About Third-Quarter Earnings’ Outcome?

The dilemma was the same at the beginning of July 2020: could or could not Wall Street earnings influence the Bitcoin price trend? Entering October 2020, the market has some clues about it. The post Should Bitcoin Traders Worry About Third-Quarter Earnings' Outcome? appeared first on CoinStats Blog.

Oct 08 2020

Key Bitcoin Takeaways from Fed’s September Meeting Minutes

Bitcoin rose by more than 200 percent from its mid-March nadir at one point this year, supported by the Federal Reserve's unprecedented expansionary policies. But minutes from the US central bank's meeting last month showed their officials disagreeing on implementing their new policy frameworks. Some officials noted that they would need to clarify their final words around the purchases of Treasurys and mortgage-backed...

Oct 07 2020

Troubles for Bitcoin Grow as Analyst Spots “Potential Death Cross”

Bitcoin is on the verge of painting a Death Cross. The technical chart pattern–which forms after an asset's short-term moving average closes below its long-term moving average–holds credibility for predicting bearish markets. In the stock market crash of 2008, for instance, many investors credited Death Cross for...

Expect a Short-term Setback in Bitcoin Market, Asserts OKCoin Exchange

Bitcoin is bracing for a bearish impact in the short- to medium-term, according to OKCoin. The San Francisco-based cryptocurrency exchange cited data from IntoTheBlock, a blockchain intelligence platform, that painted Bitcoin's two out of seven on-chain fundamentals as...

Oct 06 2020

Bitcoin Analyst Sees “Accumulation Signals” as Price Eyes Breakout

The Bitcoin price expects to grow higher in the coming sessions as a historically accurate indicator flashes signs of substantial accumulation. Spotted by TradingShot, an independent market analysis portal, the "on-chain smart money indicator" shows that influential traders/investors are...

Oct 05 2020

Bitcoin Weekly Outlook: Stimulus Bill, Trump’s Health Remain Key Drivers

Bitcoin has started recovering from the losses it incurred after the American authorities filed criminal charges against the owners of BitMEX, a crypto exchange, last week. The benchmark cryptocurrency jumped by up to 3.82 percent from its session low, hitting $10,759 in the early Monday trading session. Its uptick showed that traders are willing to ignore the...

Oct 01 2020

Hopes of Last-Ditch Stimulus Prompt Bitcoin to Target $11K This Week

Bitcoin was firm in the early Thursday trading session as new signs of progress emerged in negotiations over the second coronavirus stimulus. The Donald Trump administration agreed to increase the size of the aid to $1.5 trillion – a trillion-dollar higher than their previous proposal. Steven Mnuchin, the US...

Sep 28 2020

Hopes for Bitcoin Rally as Americans Prepare for Second Coronavirus Stimulus

Steven Mnuchin was one of the biggest catalysts behind the Bitcoin rebound last week. The US Treasury Secretary, known for having an ill-opinion about the cryptocurrency, sat alongside his knee-shaking buddy, the Federal Reserve Chairman Jerome Powell, before the Senate Banking Committee on Thursday. He testified about the coronavirus's impact on the US economy and... The post Hopes for Bitcoin Rally as Americans...

Sep 23 2020

Bitcoin is Eerily Copying Gold Trends; Analyst Fears Breakdown

Bitcoin is laggingly tailing the gold chart trends, and it may face trouble for its delayed correlation. That is due to the precious metal's latest breakdown move, wherein the price broke out of a Symmetrical Triangle pattern to the downside. Incidentally, Bitcoin is now...

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