US Bitcoin Exchanges See No Major Uptick in Stimulus-Related Buying
The stimulus checks are in the mail so it might be too early to call the hyped-up episode a dud.
Stimulus
The Fed's taper talk presents downside risk to liquidity-addicted financial markets.
What Would Biden’s Tax Hikes Mean for Bitcoin?
Apr 13, 2021
Tax hikes could encourage profit taking in cryptocurrencies, but some investors remain bullish as ongoing stimulus could trigger inflation.
COVID-19 Stimulus Checks Fueled ‘Modest’ Jump in Bitcoin Price Last Year: Cleveland Fed
Jul 16, 2021
Policymakers should not be concerned, the researchers wrote: Only 0.02% of coronavirus-relief checks ended up in bitcoin.
Bitcoin’s struggle to retest a key resistance level at $60,000 has “dampened” market sentiment, said one trader.
Slowing bitcoin volume suggests retail traders are less active with their "stimmy" checks compared to 2020.
Stimulus
