Trump's Dividend Plan Falls Flat: No Boost for Bitcoin
US President Donald Trump suggested that his party would send $5,000 dividend checks to all American adults if they retain control of both houses of Congress in the upcoming midterm elections. However, this proposal has not had a significant impact on Bitcoin's price, which remains stuck between $77,500 and $78,500.
The cryptocurrency's price was largely unchanged early Thursday, with some slight dips below the $78,000 support level. Market data show that investors are prioritizing economic indicators over Trump's promise of dividend checks.
The US Bureau of Labor Statistics is set to release August PPI data on September 10, followed by the CPI on September 11. Traders expect these combined data points to hint at the Federal Reserve's stance at its upcoming policy meeting.