BTC $42954.91 (-2.1%)
ETH $3014.55 (-2.1%)
USDT $1.00 (-0.0%)
BCH $541.85 (-1.2%)
BSV $157.55 (11.2%)
LTC $159.04 (-0.8%)
BNB $367.76 (-0.9%)
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BTC $42954.91 (-2.1%)
ETH $3014.55 (-2.1%)
USDT $1.00 (-0.0%)
BCH $541.85 (-1.2%)
BSV $157.55 (11.2%)
LTC $159.04 (-0.8%)
BNB $367.76 (-0.9%)
ADA $2.11 (-1.2%)
DOGE $0.21 (-1.0%)

BTC Climbs Back to $51K After Biden Unveils $1.9T Stimulus

BTC Climbs Back to $50K After Biden Unveils $1.9T Stimulus
  • Bitcoin (BTC) price is back to $51K.
  • Bitcoin’s $51K achievement results from Joe Biden’s emergency relief package of about $1.9 trillion.

Currently, Bitcoin price has climbed back to $51,000. The current BTC price pump is due to an emergency relief package of about $1.9 trillion issued by US  President Joe Biden.

However, Biden’s $1,9 trillion relief package came at the time when Bitcoin was reportedly changing hands near $47,500.

At the time of writing, Bitcoin price is now at $51,143 with a 24-hour trading volume of $45.2 billion based on Coingecko data. Surprisingly, many popular figures continue to show a lot more interest in Bitcoin even amid its price correction nowadays.

Prior to Biden’s relief fund confirmation, business intelligence company MicroStrategy bought a whopping amount of 19,452 bitcoins. Moreover, the firm’s recent BTC purchase cost them $1,026 billion in cash.

In addition, early this year, Tesla CEO Elon Musk also made the same move toward Bitcoin as MicroStrategy did. Tesla also revealed that they had bought $1.5 billion worth of Bitcoin at that time. Tesla also said it would start accepting payments in bitcoin in trade for its products.

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Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.