Bitcoin Rejected Near $7K Despite US Fiscal Agreement on $2T Stimulus Package
Bitcoin has dropped back from levels near $7,000 despite the rapidly increasing scope of fiscal stimulus efforts in the US and across the globe.
Quantitative Easing
Seismic shifts might be in the offing for the global monetary system — a phenomenon that historically has occurred in the wake of world wars.
The bitcoin market is looking pensive as global equities fail to respond positively to the U.S. Senate's approval of a massive coronavirus stimulus package.
Bitcoin rose by 7 percent early on Monday even as the risk-off mood returned to the traditional markets.
The $2 trillion stimulus deal in the U.S. wasn’t enough to keep many cryptocurrencies from taking a dip Wednesday.
As the crypto community digests a new wave of government intervention, Michael Casey and Noelle Acheson join for a discussion.
Quantitative Easing
