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Hours after the European Central Bank (ECB) statement and optimistic job data from the U.S., Bitcoin (BTC) price rallied from $12,920 to $13,600.According to Cointelegraph, it took just four hours for BTC to record a 5% rally in the price, increasing from $12,920 to $13,600. Coincidentally, the rally comes after
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The Dow Jones fell 70 points on Tuesday.Fiscal stimulus is now a distant dream for the stock market, as Mitch McConnell has recessed the Senate till November 9.Consumer confidence is struggling as election concerns and coronavirus cases mount.The Dow Jones limped to the downside on Tuesday as consumer confidence lagged.
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The Dow Jones dropped 80 points Friday.Stimulus talks are deadlocked as surging U.S. coronavirus cases threaten the recovery.Intel stock’s losses were a major drag on the Dow.The Dow Jones slipped on Friday, as Intel’s crash weighed on the index. Deadlocked stimulus negotiations and surging coronavirus cases were additional concerns for
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U.S. administration officials and House Speaker Nancy Pelosi broached the possibility of passing the pandemic-relief package after the Nov. 3 election, indicating that a deal might not be able to be reached before then, the Wall Street Journal reported. Source
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Why this matters to the crypto world: 1. Because the price of bitcoin and equities have been strongly correlated in recent months. Because the stimulus package would be a boost for stock markets, it should also be good for the price of cryptocurrencies. 2. Crypto investors have been betting all
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Bitcoin was lower, tracking what appears to be a new range between roughly $11,200 and $11,700. It’s a step up from levels that prevailed over most of September, between $10,100 and $11,000.“As the bulls push for a return to a $12,000 handle, resistance will be found just below, at $11,900,”
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House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin narrowed their differences over a proposed pandemic relief package in a phone call Monday afternoon, her spokeswoman tweeted. The two sides are racing to get a package approved before the Nov. 3 election. Source
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The Democratic House Speaker said if a deal isn't reached by Tuesday evening, a package won't be likely before Nov. 3. Source
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There's still a chance a stimulus package can be passed before the presidential election, but those chances are fading, said the U.S. president. Source
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The House Speaker says the president's recently boosted proposal still doesn't go far enough. Source
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