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3/17/2021 11:17:01 AM GMT
The United States will see its third round of stimulus checks on March 17, with the possibility of at least $40 billion to be invested in the cryptocurrency markets.
It is estimated that fears over inflation could be one of the main reasons Americans will invest in Bitcoin to hedge.
If the first stimulus check of $1,200 were invested into BTC, investors would have netted 851% profits as of March 14.
The latest round of stimulus checks in the United States is to be released by the country s major banks on March 17.
Bitcoin s price surged past the $57,000 level last week after U.S. President Joe Biden signed the $1.9 trillion COVID-19 relief package into law, which will pay out $1,400 to American citizens. The world s largest cryptocurrency reached an all-time high of $61,000 over the weekend.
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Feb 6, 2021 17:22 GMTCrypto News
Ethereum bulls take a break as the market cools off after a massive rally.
CME’s ETH future listing causes a chasm within the cryptocurrency community regarding an incoming price crash.
On-chain transactional data suggests a bounce is likely due to strong buyers’ concentration around the current price levels.
Ethereum price has seen an impressive 135% rally since the beginning of the year. Now that ETH has surpassed its previous all-time high of $1,400, everything seems to be lining up for an upswing towards $2,000 or higher.
CME’s listing increases fears among investors
Chicago Mercantile Exchange (CME) recently announced the listing of Ethereum futures on February 8. As this date nears, the cryptocurrency community is divided into two sectors, those that believe that ETH price will crash after the listing and others who think that it will continue trending upward.