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Time Details
2025-02-19
13:54
Impact of 2020 Pandemic Stimulus Payments on Cryptocurrency Markets

According to The Kobeissi Letter, the 2020 Pandemic Stimulus payments provided full financial support to individuals with adjusted gross income up to $75,000 and married couples filing jointly with income up to $150,000. This influx of stimulus money may have contributed to increased liquidity in cryptocurrency markets as many recipients used these funds for investment purposes, potentially driving up demand and prices in the crypto space.

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