Bitcoin Gains as US Lawmakers Reach $900bn Stimulus Deal; What’s Next?

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Traders continued to keep the Bitcoin bid higher on Monday as the US lawmakers reached a deal on the second coronavirus stimulus package. The BTC/USD exchange rate surged to an intraday high of $24,072 in the early morning Asian session. Meanwhile, futures linked to the Bitcoin spot market also climbed to as high as $24,210, pointing to higher purchases of call contracts, further reflecting traders’ extended bullish bias for the flagship cryptocurrency. Bitcoin Futures were trading in positive territory on Monday. Source: BTCUSD on Stimulus US Congressional leaders finalized a deal on a nearly $900 billion stimulus package that includes relief for small and medium-sized businesses and direct payments for American households suffering economically amid the coronavirus pandemic. The deal will also aid people who have lost their jobs due to lockdown restrictions. The US dollar gained 0.13 percent against its major peers after crashing to its two-year low…

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