Bitcoin reaches $51,000 as the U.S. Senate greenlights $1,400 "stimmy" checks for Americans.
The price of Bitcoin (BTC) reached over $51,000 on March 7 after the U.S. Senate passed the anticipated $1.9 trillion stimulus bill, which is roughly two times larger than the market capitalization of BTC.
United States' President Joe Biden said that the Senate's approval shows major progress in delivering a "desperately needed" stimulus bill to Americans.
Reference:
https://cointelegraph.com/news/bitcoin-price-hits-51k-as-u-s-senate-passes-1-9-trillion-stimulus