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  • Bitcoinist
  • 2020-06-30 05:51:24

A U.S. Stimulus-Backed Rebound Could Fuel a Bitcoin Bull Rally: Here’s Why

Bitcoin kicked off this week with a modest move higher, rising 0.78 percent as of Monday’s close. The gains followed a sharp sell-off last week as traders pinned their hopes on a new stimulus package by the Federal Reserve and the U.S. Congress. The sentiment helped S&P 500 pare part of its last week’s losses. The U.S. index and Bitcoin have formed a short-term positive correlation. Bitcoin’s rebound from last week’s low shed lights on […]