RE: EU Confirms $2 Trillion Stimulus Package – Bitcoin Moving Past $9300

Are we going to see a Bitcoin breakout? The US is contemplating and should see a second round of stimulus checks – will all of this be bullish for Bitcoin?

Bitcoin Signals Bullish Breakout as EU Confirms $2tn Stimulus Package

“A summit among European bloc’s 27 leaders in Brussels went into its fifth day – its most extended summit in 20 years – to discuss the region’s next economic course amid COVID-induced slowdown. The eventual outcome came out to be a €1.8 trillion ($2.06 trillion) stimulus package.

While the so-called EU deal awaits further confirmation from the parliament of member states, the stock market reacted positively to the first signs of financial aid. The pan-European STOXX 600 index went up by 1.1 percent while Germany’s DAX jumped 1.9% higher.

A similar upside sentiment rippled across the Bitcoin market. The cryptocurrency surged higher ahead of the European opening bell in anticipation that a stimulus package deal would reduce the cash demand in the eurozone.

The same outlook in the US had earlier sent the Bitcoin price higher.”

SavannahBTC Master Asked on July 21, 2020 in Bitcoin.
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1 Answers

Bitcoin has just moved over $9,400 so we shall see.

Master Answered on July 21, 2020.
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