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.
American and European equity markets extended their gains on Thursday while major cryptocurrencies made only slight moves on the day.
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.