Bitcoin Briefly Breaks $11.9K on Renewed US Stocks Correlation; $12K Next?

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Bitcoin held onto its weekly gains as traders waited for US Congress to agree on the second coronavirus package on Tuesday. The benchmark cryptocurrency added $67, or 0.5 percent, to trade near $11,827 ahead of the New York opening bell. Likewise, the US stocks inched higher in the pre-trading session, renewing its positive correlation with Bitcoin after the two decoupled briefly on Monday. Bitcoin did its own thing after the Federal Reserve Chairman Jerome Powell opened up about the possibility of launching a digital dollar....

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