fxstreet.com 09 Feb, 2021 08:45 am

Musk launches Bitcoin rally, dollar falls with yields, stimulus and vaccine eyed

Musk launches Bitcoin rally, dollar falls with yields, stimulus and vaccine eyed
Here is what you need to know on Tuesday, February 9: Markets have been fascinated with Tesla's Bitcoin investment, which has sent BTC/USD to $48,000.

Here is what you need to know on Tuesday, February 9: Markets have been fascinated with Tesla's Bitcoin investment, which has sent BTC/USD to $48,000.Tesla, the world's leading electric vehicle maker, has pushed Bitcoin to above $48,000 after announcing a $1.The dollar is on the decline alongside yields and a risk-on mood as US fiscal stimulus speculation continues.Political attention is set to move to former President Donald Trump's impeachment trial which begins on Tuesday, yet investors are eyeing the final price tag for the stimulus boost – which may reach $1.

Gold has been taking advantage of rising stimulus prospects and is changing hands at around $1,840.The founder billionaire has also been touting Dogecoin in recent weeks.

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