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.
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.