US $ 2 trillion emission sparks growth in bitcoin and stocks

Bitcoin and stock markets rise in anticipation of economic stimulus package for recoveryafter the COVID-19 epidemic.

The S&P 500 index added 0.3%, trading at a record high of $3,826. Bitcoin also again approached the $40,000 mark before retreating several percent.

</p>

Incentive packages and business grants from the government will add the momentum needed to boost risky assets like stocks and bitcoin.

Despite the trillions of dollars printed inLast year, the number of jobless claims in the US paint a grim picture of the American economy. According to a report by the US Department of Labor, since last week, their number has increased by 181,000. This week, 965,000 applications were registered, which is the highest figure in the last four months.

President-elect Joe Biden is seeking to deliver on his promises of a lavish economic package, allegedly planning to pay $ 1,400 in unemployment benefits.

In December, the stimulus package ratified by Trump was calculated for $ 900 billion, under which each person was to receive $ 600 in personal checks.

Biden is expected to increase payouts from$ 1.5 to $ 2 trillion Regardless of the amount, as in the case of Trump's payments, the dollars received will most likely become investments in bitcoin and stocks due to fears of inflation.

Biden's mandate begins on January 20, after which he plans to accelerate the implementation of the stimulus package along with a pledge to increase the availability of coronavirus vaccines.

Rating of TOP-5 cryptocurrency exchanges

For the safe and convenient purchase of cryptocurrencies, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support the deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

The most reliable sites with the highest turnoverfunds, for several years the largest cryptocurrency exchange in the world has been Binance. The Binance platform is the most popular crypto-exchange in the CIS as well, since it has the maximum trading volumes and supports transfers in rubles from Visa / MasterCard bank cards and payment systems QIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

#	Cryptocurrency exchange	Official site	Site evaluation
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.5
3	Exmo	https://exmo.me	6.9
4	Yobit	https://yobit.net	6.3
5	OKEx	https://okex.com	6.1

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features &#8212; futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

</p>

Rate this publication