[Market] Investor sentiment recovered by stimulus…Bitcoin and Ethereum strong during the session
Summary
- The virtual asset market was reported to have rebounded after President Trump's stimulus package announcement.
- It reported that major virtual assets, such as Bitcoin and Ethereum, are all showing strength.
- The market analysis suggested that the stimulus could activate the risk asset market similar to the COVID era.
The virtual asset (cryptocurrency) market succeeded in rebounding.
As of 8:20 AM on the 10th, the leading virtual asset Bitcoin (BTC) is trading at 105,000 dollars, up 2.7% from the previous day according to CoinMarketCap.
It is not only Bitcoin. At the same time, Ethereum (ETH) and XRP rose 5.03% and 3.26% compared to the previous day. In addition, Binance Coin (+0.32%), Solana (+3.97%), and Dogecoin (+2.16%) are also showing strength.
The reason the virtual asset market is strong today is analyzed to be U.S. President Donald Trump's stimulus package.
U.S. Forbes reported that Bitcoin's rally began after President Trump said he would pay a tariff dividend of 2,000 dollars per person.
President Trump earlier wrote on his Truth Social, "I will pay a dividend of at least 2,000 dollars per person to all U.S. citizens except high-income earners."
These dividends could act as a stimulus, potentially activating the risk asset market similar to the COVID era. Famous virtual asset influencer Anthony Pompliano said, "Once the stimulus starts, whether stocks or virtual assets, prices can only go up."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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