Bitcoin tops $57,000 as US passes $1.9 trillion stimulus package

NEW DELHI: Prices of Bitcoin, the world’s oldest cryptocurrency, raced past $57,000 level for the first time in 17 days on Thursday after the US House of Representatives passed a covid-19 stimulus package worth $1.9 trillion.

Global equities also surged today after passage of the stimulus package. With major institutions buying Bitcoin, developments in the financial world such as stock markets rising have started to impact the digital verse in a big way.

As of 1715 IST, Bitcoin traded at $55,610.07, up 2.1%, having moved in a range of $54,564.01-$57,369.21 over the past 24 hours, as per CoinGecko. The crypto asset is 4.8% lower from its all-time high of $58,640.77 hit on 21 February.