Bitcoin Retakes $50K on US Stimulus Progress; Uniswap’s UNI Cracks the Top 10

Bitcoin, a perceived store of value asset, trades higher on Sunday, with U.S. President Joe Biden on the verge of passing an historic $1.9 trillion fiscal stimulus plan aimed at accelerating economic recovery.

The top cryptocurrency is changing hands near $50,500 at press time, representing a 4% gain on the day, having clocked a high of $51,320 early today, according to CoinDesk 20 data.

The Senate approved Biden’s stimulus plan on Saturday, paving the way for $1,400 checks and jobless aid. The bill heads back to the House where it will be voted on Tuesday, according to media reports.