List of Flash News about $600B
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2025-11-09 18:21 |
US $600B Stimulus Checks Claim Puts BTC, ETH on Watch: Historical EIPs Preceded 2020-2021 Crypto Rally
According to @cas_abbe, the US government is planning to distribute nearly $600 billion in new direct payments to households, echoing prior stimulus checks that preceded a major crypto rally; source: @cas_abbe tweet dated Nov 9, 2025. For context, the IRS and U.S. Treasury disbursed over $800 billion across three Economic Impact Payment rounds in 2020-2021, a period during which BTC rose from about $10,000 to near $69,000 and ETH reached record highs; source: U.S. Department of the Treasury/IRS EIP disbursement reports; CoinMarketCap historical price data. Coinbase also reported a spike in $1,200-sized deposits immediately after the first EIP round, indicating retail inflows into crypto; source: Brian Armstrong (Coinbase CEO) tweet on Apr 16, 2020. Traders are watching for official confirmation via Treasury or IRS releases and enacted legislation before positioning for liquidity-driven moves in BTC and ETH; source: U.S. Department of the Treasury; Internal Revenue Service; Congress.gov official communications. |