Bitcoin price crosses $9,000 mark as the US government seeks $3 trillion to revive the economy

Bitcoin’s price recovered a significant portion of its losses from Sunday’s weekly close correction, and data from CoinMarketCap shows that within the last hour, the digital asset crossed above the $9K mark once again. The price of bitcoin corrected to $8,500 on Sunday, but it crossed above $9,000 at the time of writing. The US government is seeking another $3 trillion to help recover the economy. The US is the hardest-hit country by the COVID 19 pandemic in the world.

US CDC expects the death toll to reach 134,000 by June 1. 

The United States Center for Disease Control and Prevention expects that a rising rate of COVID-19 infections will lead to 134,000 deaths in the US by June 1. Despite these horrible statistics by the US CDC, several states in the United States are planning to reopen the economy and allowing people to go back to work. The announcement US CDC coincided with the rise in the price of bitcoin above $9,000. The bitcoin halvening is also scheduled to take place one week from now. 

 

The death toll continues to rise exponentially in the US. 

The United States has been the hardest-hit country in the world with the COVID 19 virus. As of now, there are 3.6 million people have been infected with COVID 19 around the world, and over 252,000 people have died. In the US alone, there have been over 1.2 million positive cases, and more than 69,000 people have lost their lives. The number of new cases in the United States is increasing each day exponentially. 

The US Treasury Department also announced that it plans to borrow $3 trillion this quarter to revive the economy, bringing the total US debt closer to $25 trillion. Since the pandemic began, more than 30 million people in the US have filed for unemployment, and a government-supported program that aims to provide financial assistance to small businesses expended all allocated funds within the first few days of rolling out.