The Senate, led by Majority Leader Chuck Schumer, voted to approve the coronavirus relief plan which included $1,400 checks for qualifying Americans and $350 billion aid to both state and local governments.
The approval of the bill worked in favor of bitcoin as the digital asset, now seen as a store of value, climbed back to the $50K range after trading between $46K and $49.5K for two days.
Bitcoin back above $50K
The digital asset is exchanging hands for $50,085 at the time of writing, CoinMarketCap data shows.[caption id="attachment_34836" align="alignnone" width="1080"]
Bitcoin retakes the $50K trading range after U.S. Senate approves the landmark $1.9 trillion stimulus package. |Source: CoinMarketCap[/caption]
Fiscal spending leads to inflation, which traditionally favors the price movements of store of value assets such as bitcoin and gold.
Bitcoin’s rise could also be an indication that the dollar is weakening on the foreign exchange markets.
Part of Bitcoin’s surge last year is attributed to the huge coronavirus packages that the government released to ease the effects of the pandemic on the economy.
Could it be a repeat of last year?
Last year, the $2 trillion coronavirus stimulus package agreed by then-President Donald Trump and the Senate gave a boost to the financial markets.Bitcoin, which had tumbled to new lows of under $4,000, climbed back to around $7,000 within 2 weeks of the stimulus package agreement.
At the time, Galaxy Digital CEO said he would be surprised if bitcoin’s price did not go a lot higher at the end of the year.
“If at the end of the year bitcoin’s not a lot higher, I’m going to scratch my head and say, 'Look, what the heck is going on?'”
By the end of the year, bitcoin smashed records as it entered into bullish territory.
Bitcoin’s recent rise cannot be attributed to the stimulus package only.
Hong-Kong publicly-traded company buys bitcoin
Over the weekend, Meitu, a software firm incorporated in the Cayman Islands and listed in Hong Kong announced that it has invested in cryptocurrencies, specifically Ether and bitcoin.The firm bought $22 million worth of Ether and invested $17.9 million in bitcoin.
Continue reading by joining Cryptonary Pro
$997/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
Recommended from Cryptonary
