Stocks, Bitcoin Rally on Prospects for US Senate Stimulus Bill
As for U.S. markets, the SP 500 index rallied 9 percent. However, judging by the way U.S. markets closed, the promise of fiscal stimulus from the Senate — once agreement is reached between Republicans and Democrats — is helping the market stop the bleeding more than the Fed's monetary policy.
Notable gainers in crypto over the past 24 hours as of 20:00 UTC include monero (XMR), up 10 percent; NEO (NEO), in the green 6 percent; and bitcoin cash (BCH), up 4 percent. This credibility risk is positive for alternative currencies such as bitcoin and gold,” said Denis Vinokourov of London-based digital asset firm Bequant.