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Week Ends with a Bitcoin Rally and Stock Market Flat

Yiran Dai

Summary: Bitcoin has spiked for more than 10% this week after its Monday downswing. According to Bitpush Market Data, Bitcoin has surged to $7,513 at the moment of writing. Meanwhile, the stock market has witnessed a flat performance.

Bitcoin has spiked for more than 10% this week after its Monday downswing. According to Bitpush Market Data, Bitcoin has surged to $7,513 at the moment of writing. Meanwhile, the stock market has witnessed a flat performance. S&P 500 Index ends on Friday with a number similar to that when the week began, after some minor fluctuation.

After President Trump signed the $484 billion coronavirus stimulus bill into law earlier today, the stock market has seen a rise. However, crypto expert, Marcus Swanpoel, CEO of cryptocurrency exchange Luno, said the relief package might not cast much influence on Bitcoin, according to Bitcoin News.

By Yiran Dai

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