US government allocated $ 900 billion to support the economy; bitcoin reacted with growth

The difficult situation caused by the coronavirus epidemic, which has affected the whole world, is forcing the authorities to take new measures to save various sectors of the economy. So, this week it became known that Congressmen approved a new support package for $ 900 billion. Bitcoin also reacted to the actions of the authorities.

The first cryptocurrency rate soared above $ 24,000 on Monday night. Investors prefer to secure their savings and convert them into digital currencies that can generate income and are more resilient to external shocks that cause fluctuations in financial markets. In addition, the increased emission of the American currency reduces its value, and the uncertainty about the timing of the improvement in the epidemiological situation in the world forces investors to redirect their attention to safe-haven assets, among which, in addition to gold, Bitcoin also occupies a special place.