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Bitcoin price hits $51K as U.S. Senate passes $1.9 trillion stimulus

Bitcoin price hits $51K as U.S. Senate passes $1.9 trillion stimulus



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  1. tldr; The price of Bitcoin reached over $51,000 on March 7 after the US Senate passed the anticipated $1.9 trillion stimulus bill, which is roughly two times larger than the market capitalization of BTC. The past year has shown that the effect of such measures raises investors’ appetite for risk-on assets.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Stimulus bill passed, which will help inflation keep rising, which will help crypto because it’s a hedge against the inflationary dollar. This makes it seem like the stimulus bill is great for all markets, when it’s just helping inversely related assets

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