HomeNewscoinquora.comBTC Climbs Back to $51K After Biden Unveils $1.9T Stimulus

BTC Climbs Back to $51K After Biden Unveils $1.9T Stimulus

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  • Bitcoin price is back to $51K.
  • Bitcoin’s $51K achievement results from Joe Biden’s emergency relief package of about $1.9 trillion.

Currently, Bitcoin price has climbed back to $51,000. The current BTC price pump is due to an emergency relief package of about $1.9 trillion issued by US  President Joe Biden.

However, Biden’s $1,9 trillion relief package came at the time when Bitcoin was reportedly changing hands near $47,500.

At the time of writing, Bitcoin price is now at $51,143 with a 24-hour trading volume of $45.2 billion based on Coingecko data. Surprisingly, many popular figures continue to show a lot more interest in Bitcoin even amid its price correction nowadays.

Prior to Biden’s relief fund confirmation, business intelligence company MicroStrategy bought a whopping amount of 19,452 bitcoins. Moreover, the firm’s recent BTC purchase cost them $1,026 billion in cash.

In addition, early this year, Tesla CEO Elon Musk also made the same move toward Bitcoin as MicroStrategy did. Tesla also revealed that they had bought $1.5 billion worth of Bitcoin at that time. Tesla also said it would start accepting payments in bitcoin in trade for its products.    

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