Despite the excitement that trailed the recent $1.9 trillion relief package from the U.S. government, trading activities on crypto exchanges did not change significantly.
As reported by BTC PEERS, several analysts predicted that Biden’s stimulus funding would have a positive effect on the price of and other cryptocurrencies amid rising awareness of inflation. Surprisingly, U.S. Bitcoin exchanges have not witnessed an increase in trading activity, a development that has caught the attention of the crypto community. But still too early to judge.
The market remains caught in sideways congestion. The minor congestion holds a friendly bias, but look for a breakout over last week’s high to launch a drive to 57682 - 60595. A close under 51754 projects to 48384.