Cryptocurrency
Bitcoin Could Be “Toast” if U.S. Govt Fails to Pass $2 Trillion Stimulus Bill, Claims Trader
As reported on NewsBTC, “Bitcoin and equities investors alike are closely watching to see whether or not the United States Senate is able to pass a massive $2 trillion economic stimulus package that is expected to be voted on today. “The result of this vote will be quite telling as to just how far the […]
As reported on NewsBTC, “Bitcoin and equities investors alike are closely watching to see whether or not the United States Senate is able to pass a massive $2 trillion economic stimulus package that is expected to be voted on today.
“The result of this vote will be quite telling as to just how far the government is willing to go to try to curb the economic impacts of the rapidly spreading Coronavirus, and it may provide a lifeline to struggling business and individuals.
“One trader is now noting that because virtually all markets are closely watching to see the results of the upcoming vote, Bitcoin could be “toast” if the bill doesn’t pass…
“…The verdict of this upcoming vote will likely have tremendous sway of the US equities market, which is surging higher today upon expectations that the bill will be passed.
“This will likely lead Bitcoin and the aggregated cryptocurrency market to similarly see some intense volatility, with BTC likely to maintain its close correlation to the stock market for the time being…”