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Tag: coronavirus stimulus

Bitcoin Postpones Bearish Correction as Tesla Adds BTC Payment Option

An overnight price correction in the Bitcoin market after the Federal Reserve Chairman Jerome Powell's testimony paused midway as Elon Musk came to the rescue.

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Bitcoin on Back Foot as Focus Turns to Powell Speech; What to Expect?

Bitcoin dropped during Asia-Pacific and European trade Thursday as rising bond yields prompted concerns that central banks may begin tightening monetary policies sooner-than-expected. The benchmark cryptocurrency fell up to 3.59 percent to $48,562, extending its decline after setting up a week-to-date high level at $52,666 in the previous session. Elsewhere in the crypto market, high-cap […]

Fed’s Brainard Speech Offsets Bitcoin Crash Fears against Rising Yields

Bitcoin held onto its key technical support area despite a concerning sell-off on Tuesday, raising hopes that it might survive the bearish assault that brought its prices down by 21.32 percent last week.

Bitcoin Hits $50,000 For the First Time in History—And Then Dumps

The cost to purchase one Bitcoin surpassed $50,000 per token for the first time in history. Traders pumped the flagship cryptocurrency towards a new record high of $50,645 ahead of the New York opening bell on Tuesday. Their upside bias took cues from a sequence of optimistic events that happened last week, ranging from Tesla’s […]

Biden’s $1.9 trillion coronavirus relief stimulus – A double-edged sword

On Thursday, President-elect Joe Biden unveiled the details of the $1.9 trillion coronavirus relief stimulus package. The package is called the ‘American Rescue...

Mode Adds Bitcoin to Reserves, Joining Microstrategy and Square

A UK-based fintech firm has just announced a large purchase of bitcoin using its cash reserves. Mode Global Holdings, an already bitcoin-friendly financial company, has become the first UK publicly traded firm to allocate part of its reserves to the cryptocurrency. The announcement follows those of Microstrategy and Square. As many cryptocurrency industry observers suspected, […]

The post Mode Adds Bitcoin to Reserves, Joining Microstrategy and Square appeared first on BeInCrypto.

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 Mnuchin. Simultaneously, Senator Mitch McConnell, the majority leader, warned his lot not to negotiate a pre-election deal, stating the US cannot stomach another huge federal package. In April, Congress had approved a $2 […]

Bitcoin Barrels Toward $12K as Investors Eye Decoupling From S&P 500

The bitcoin price has started off the week with a bang after gaining about 2% and inching closer to the psychologically important $12,000 threshold. The United States is no longer sticking its head in the sand about a central bank digital currency, and it has been a tailwind for the broader crypto markets. Crypto investors […]

The post Bitcoin Barrels Toward $12K as Investors Eye Decoupling From S&P 500 appeared first on BeInCrypto.

California governor signs new bill to protect banks that work with cannabis businesses

California Governor Gavin Newsom signed a new bill last week that will help protect banks that do business with licensed cannabis companies.Under Bill...

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...

Bitcoin Decouples from Gold, Stocks after Overnight Sell-Off, What’s Next?

Bitcoin did its own thing during the late Monday trading session. The benchmark cryptocurrency plunged suddenly towards $10,600...

3 Crucial Reasons Why Bitcoin Could Fall Below $10K This Fall

Bitcoin faces the prospects of breaking below $10,000 after failing to extend a rally that pushed its...

House Democrats Postpone Marijuana Legalization Bill Until After The Election

Don’t expect any bills that would legalize cannabis to receive floor votes until after the Election. The Marijuana, Opportunity, Reinvestment, and Expungement (MORE)...

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