This website uses cookies to ensure you get the best experience on our website


15th Mar 2021
Dalmas Ngetich, for CryptoAltum News Team

Bitcoin Surged above $60k, Sparked by $1.9 Stimulus Package

Pumped by the approval and signing into law of the $1.9 trillion stimulus package--with more expectations of an extended period of record-low interest rates, the Bitcoin price--on Mar 14, rose above $60k, registering a new all-time high. At this level, the BTC/USD price tripled after easing past 2017 highs of around $20k. Reports from South Korea also show that the cumulative crypto trading volumes have surpassed those of the country's stock market, a record. It highlights just how popular crypto assets have been in recent months.


Analysts are confident that the Bitcoin price will reach $100k—or better by the end of the year. Their confidence stems from the global economy's state and the central banks opting for money printers over other measures that won't trigger inflation. In a reflation, central banks, including the FED, BoE, and the ECB, aren't budging. Officials say they will continue supporting the economy by not tapering QE and bond purchases. The BoE is even considering negative interest rates.

Impact on the BTC Price: 

Bullish. Michael Saylor and the Winklevoss Twins expect inflation to roar above the two percent market, adversely affecting the bond market, causing another repricing. In their view, this will catalyze another bull market that will ultimately push BTC prices to six-digits.

More market news over on our Blog

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020