Bitcoin Rises to $9.6K as Stocks Cheer Additional US Stimulus Plans

[Tanimariya]

Bitcoin clocked highs near $9,600 Tuesday morning, having trapped bears on the wrong side of the market with a brief dip below $9,000 on Monday.

Analysts say a risk reset in the traditional markets fueled bitcoin’s rise from $8,900 to $9,580 in the last 24 hours. “Bitcoin has regained poise, possibly tracking the recovery in global stock markets,” said Asim Ahmad, co-chief investment officer at London-based Eterna Capital.
Read more info: https://www.coindesk.com/bitcoin-crypto-rises-to-9-6k-stocks-recover-us-stimulus-fed