Market Wrap: Bitcoin Nears All-Time High As US House Passes .9T COVID-19 Relief

Market Wrap: Bitcoin Nears All-Time High As US House Passes $1.9T COVID-19 Relief

  • Bitcoin (BTC) trading around $56,248.28 as of 21:00 UTC (4 p.m. ET). Climbing 3.54% over the previous 24 hours. 
  • Bitcoin’s 24-hour range: $53,101.24-$57,336.75 (CoinDesk 20)
  • BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians.

Bitcoin trading on Coinbase
Source: TradingView

Bitcoin gained for a sixth straight day, extending its longest winning streak of the year and approaching the record high price reached last month. 

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