Top 5 cryptocurrencies to watch this week: BTC, UNI, THETA, VET, LUNA
Cointelegraph
Published Mar 07, 2021 02:36PM ET
Updated Mar 07, 2021 04:20PM ET
Bitcoin’s (BTC) fundamentals received a boost as the U.S. Senate passed the $1.9 trillion stimulus bill on March 7. If traders react to this bill in the same way as they had done to the first stimulus package in April 2020, then the crypto markets may witness a strong rally.
The stimulus package also intensifies the focus on the devaluation of the U.S. dollar. These concerns could lead some investors to park their money in hard assets or Bitcoin instead of keeping them in fiat currencies, according to veteran trader Peter Brandt.
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Written By: Cointelegraph
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