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Trump's trillionaire aid may trigger BTC rise 

The U.S. stock market rose 3% in a single trading session on June 5, following the new jobs report and speculation over a newly planned $1 trillion aid package.
And a contributing analyst at Forbes believes that this hope of a speedy recovery may raise the prospect of a new bitcoin high in the coming weeks.
According to Bloomberg, the Trump administration anticipates another trillion-dollar stimulus for next month. Meanwhile, Senate Majority Leader Mitch McConnell said the second stimulus bill will be the last.
On March 27, the US president signed a historic $2.2 trillion stimulus project. Including cash payments for individuals, similar to the Brazilian coronavoucher, and a small business loan program.
Since then, the price of Bitcoin has risen by about 55%, from $6,750 to$ 10,440. And then retreated to be traded around $9,660 at that time, according to Coingolive.
The stimulus package does not directly feed the appetite for high-risk assets such as stocks and cryptocurrencies. However, it creates optimism among investors and injects additional liquidity into the financial market.
As of the end of March, Bitcoin spot market and stock trading applications such as Robinhood have seen a significant increase in user activity.
The growing confidence of investors in relation to the short-term trend of the stock market is benefiting Bitcoin, according to the analyst. But beyond that, the dominant cryptocurrency also has large macro factors that can fuel the next rise. 

Increasing institutional adoption and halving of Bitcoin
Three main factors that increase the likelihood of a huge bitcoin bull cycle in the medium term are: increasing institutional adoption, compelling historical patterns, and BTC's tendency to increase after a halving.
Over the past seven days, crypto investment firm Grayscale has bought 9,503 BTC. This amounts to more BTC than the Miners earned from rewards in the same period. After the halving, which happened on May 11, miners can only mine about 900 BTC per day.
Grayscale's build-up directly reflects Bitcoin's institutional adoption rate. Through the Grayscale Bitcoin Trust, which is a publicly negotiable investment vehicle in the US, institutions can invest in Bitcoin.
Institutional demand for Bitcoin broke records when assets under management of Grayscale Bitcoin Trust topped $3 billion in April.
Coupled with the growing institutional appetite for BTC, several historical patterns suggest that Bitcoin is likely to see a prolonged uptrend in the coming months.
The Bitcoin network recorded a difficulty adjustment this week, following a drop in hashrate. In this adjustment, the difficulty fell and encouraged the entry of new miners to strengthen the security of the cryptocurrency.
According to the analyst, historically, every time a difficulty adjustment occurred, Bitcoin saw a bullish market in the long run. For example, the difficulty of mining BTC was reduced in early April. In the subsequent two months, BTC rose 80%.
A confluence of relaxed financial conditions in the US, a strong stock market recovery, growing appetite for risky assets and positive macro factors indicate that Bitcoin is set for an optimistic uptrend.

CNtimes