Bitcoin Market's Sentiments turned bullish after USA President's recent press conference

Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

Big announcements are coming up from the recent press conference of USA President Donald Trump and Corona virus task force team. Bitcoin and Stock market responded positively on announcements coming up from this conference.

Bitcoin price quickly bounced from 5100$, and currently trading above 5450$. Bitcoin saw 5% rise in last 30 mins.

S&P 500 Index also rose by 5% in past an hour in response to announcements.

Here is the summary of announcements which can impact the bitcoin market in next few weeks.

Donald Trump said that they are taking aggressive action as ONE nation and ONE family to combat the coronavirus.
Fed to Try to Ease Flow of Credit With New Lending Facility.
Donanld Trump announced an expansion of Medicare tele-health services: Americans “can now visit any doctor by phone or video conference at no additional cost.”
US Treasury Secretary Steve Mnuchin said Pres. Donald Trump wants to send checks to Americans in the “next two weeks” in an effort to curb the economic cost of the #COVID19 outbreak.
Sen. Mitt Romney, a Utah Republican, floated a universal basic income-like stimulus of $1,000 a month during the outbreak.

Trump wants IMMEDIATE cash handouts for Americans: Treasury Secretary Steven Mnuchin says everyone will get MORE THAN $1,000 within two weeks once he strikes Senate deal – and tax payments are deferred for 90 days too

Cryptocurrency community on twitter is bullish after these announcements.

$BTC & stocks still moving in lockstep.

Looks like they both like the conference about further stimulus… pic.twitter.com/aqnLGKe72s
— Luke Martin (@VentureCoinist) March 17, 2020

It amazes me how the USA creates ridiculous laws to "protect the people" and then drops them immediately to protect the people.

– Telemedicine laws relaxed
– Doctors can treat in any state
– Labs can now test blood
– States can procure supplies without going through FED
— Ran NeuNer (@cryptomanran) March 17, 2020

The $25 Trillion #SP500 moved ~8% from 10:00AM to 12:13PM on March 17th. Coronavirus task force briefing started at 11:30AM in the White House. Treasury Secretary Mnuchin announced checks to Americans and deferred payments to IRS around 12:00PM. Information-leak or coincidence? pic.twitter.com/qm4kMtGL2M
— Gabor Gurbacs (@gaborgurbacs) March 17, 2020