Bitcoin surges 11% as the stock market jumps on the back of optimism from Coronavirus-related stimulus. The move pushed BTC above $6,500.

Bitcoin is up over $600 on the back of a market-wide improvement in the stock market. After hours, the S&P 500 is up 4.6% over the last 24-hours. The Dow Jones Industrial Average is up a similar 4.9%.

Democrats in U.S. Congress have drafted two stimulus bills which recommend the creation of a digital dollar as part of broader COVID-19 stimulus plans.

The relevant bills are the Take Responsibility for Workers and Families Act and the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act.

Both bills suggest sending stimulus payments to qualified individuals affected by COVID-19 shutdowns.

Bitcoin Cash and Bitcoin SV are among the top performers in the recent run-up seen across the entire cryptocurrency industry. Now, these cryptocurrencies sit at a pivotal point that could decide where they are headed next.

After peaking at a high of nearly $500, Bitcoin Cash plummeted over 70% to hit a low of $134 in mid-March. The significant sell-off appears to have been stopped by the 78.6% Fibonacci retracement level. This major level of support served as a rebound zone pushing BCH up over 80%.

Kyber Network experienced massive growth in terms of transaction volume and price ahead of a major protocol upgrade scheduled for Q2 2020. While the stakes are high, on-chain metrics show that investors believe-in the long-term potential of KNC.

A salacious “shitcoin” has attempted to profit from the ongoing COVID-19 pandemic by offering users the ability to bet on the number of deaths caused by the novel virus. However, CoronaCoin has been struggling to take off, losing almost 90% of its value in the past month.

Last month, a new cryptocurrency appeared on the market offering users the ability to bet on the outcome of the ongoing coronavirus pandemic.

The flagship cryptocurrency, as well as the broader stock market, spiked up after the Federal Reserve announced a slew of new stimulus programs to provide relief from the recent downturn.

Blockchain analysis company Chainalysis has announced a partnership with Paxful to boost the Bitcoin marketplace’s KYC compliance efforts.

For Chainalysis, peer-to-peer (P2P) cryptocurrency exchanges have always been labeled as risky, because many are decentralized and often do not require users to set up an account.

Several DeFi projects have fallen to some exploit since the beginning of 2020. But instead of casting the entire sector aside as broken, some investors say that despite these failures, DeFi survived. 

And in a world full of shortsighted scammers and experiments, that’s very bullish.

Headlines surrounding the crypto market crash have dominated the news cycle. 

The Maker Foundation is proposing new risk parameters, including a reduction of the DAI stability fee to zero. Users with DAI in the DAI Savings Rate (DSR) will not earn interest on their holdings if MKR holders vote for the proposal.

Maker and DAI have been hit by a crisis in the last week. 

Bitcoin decoupled with the stock market after it rallied 15% over the last 48-hours. The stock market, meanwhile, continued to take a beating. Did Bitcoin recover from a bottom?

In another surprising move, Bitcoin regained its footing after two weeks of unprecedented correlation with the stock market. Beginning on Mar. 19 at 12:00 AM, Bitcoin prices surged 19% over 12 hours, rising from $5,300 to $6,300.