The U.S government recently unleashed a $2 trillion stimulus package to help Americans beginning the economic bear on of COVID-19. That figure is more than double the corporeality of all the speculative capital locked up in the unabridged cryptocurrency marketplace during its 2022 peak.

Cryptocurrency at large — Bitcoin, Ethereum, Litecoin, and everything else — collectively reached its all-time market cap loftier in January 2022, totaling $831 billion according to CoinMarketCap data.

The U.Southward. stimulus bill in response to coronavirus is 240% larger past comparison.

Righting the economic send

Over the final two months, the U.S. authorities evaluated a number of ways to pump life into an economic system stalled by coronavirus prevention. Several rounds of capital injections ensued, one of which saw the U.S. Federal Reserve print a fresh $i.5 trillion in mid-March.

That calendar month ended with President Trump approving the $2 trillion stimulus parcel, which included sending funds to citizens and companies in various capacities. While some speculated the stimulus would increment the demand for Bitcoin, early on signs from the nugget'southward toll take not shown any cracking cause for excitement. BTC still sits adequately range-bound at press fourth dimension, near a price of $vi,880.

U.South. stimulus efforts evidence simply how small the cryptocurrency infinite is by comparison. With a market cap of $199 billion at the fourth dimension of this writing, the earth's digital asset ecosystem holds significant room for growth, especially considering all the coin in apportionment.