Hopes of Last-Ditch Stimulus Prompt Bitcoin to Target $11K This Week

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Bitcoin was firm in the early Thursday trading session as new signs of progress emerged in negotiations over the second coronavirus stimulus. The Donald Trump administration agreed to increase the size of the aid to $1.5 trillion – a trillion-dollar higher than their previous proposal. Steven Mnuchin, the US Treasury Secretary, confirmed in an interview with CNBC that a bipartisan group, known as the “problem solvers caucus,” backed the Republicans’ proposal. On the other hand, Democratic House speaker Nanci Pelosi responded by delaying the vote on their own $2.2 trillion stimulus bill. She agreed to dwell further into the Republicans’ proposition, showing one of the first positive steps in months towards finalizing the relief package. “Today, Secretary Mnuchin and I had an extensive conversation and we found areas where we are seeking further clarification,” Ms. Pelosi said on Wednesday. “Our conversation will continue.” The Trump government’s offer still stands short…

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