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.”

https://www.newsbtc.com/2020/07/21/bitcoin-signals-bullish-breakout-as-eu-confirms-2tn-stimulus-package/

Master Asked on July 21, 2020 in Bitcoin.
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