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Bitcoin and cryptocurrency markets have been devastated by another massive fall, wiping billions of dollars from the value of combined cryptocurrencies in a matter of minutes. The bitcoin price ditched around 30% over the last 24-hour trading period to lows of $5,721 per bitcoin on the Luxembourg-based Bitstamp exchange, from just under $8,000 yesterday, before slightly recovering to trade around $6,000.
As stocks headed for their worst day since 1987’s Black Monday Crash, the Federal Reserve announced further measures to prop up liquidity including a potential injection of more than $1.5 trillion into the market; stocks responded immediately, cutting losses in half on the announcement, before dropping back down 8%. The Fed said it will ramp up its overnight funding operations—buying “repos,” or repurchase agreements—by $1.5 trillion over the next two days.
References: Fed's $1.5 trillion injection may be just the beginning
https://twitter.com/altcoinbuzzio/sta...
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https://www.axios.com/federal-reserve...
Call of Duty Crypto to Rival Fortnite V-Bucks
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MakerDAO Debts Grow as DeFi Leader Moves to Stabilize Protocol
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https://twitter.com/camirusso/status/...
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A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
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Athar Saleem 14 MarDeFi is considered to be the future of crypto and the past year 2020 is considered as the year of DeFi; but now it's future is becoming questionable.
Historically, it's a wildest week for the first time in seven years; where $BTC is plunged and tanked(50%), after a sell-off sparked by the worsening Coronavirus pandemic. And now, a convincing fractal is showing that its price could crash towards $2,900 in coming sessions. Cut to today, Coronavirus has replaced past hash war stories; as the new bearish catalyst. As bearish fundamentals marry technicals, bitcoin’s next downside target looks to be near $2,900. That’s about $300 below the previous bottom formation in December 2018.......
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ibr63 ibr63800 14 MarBTC rises again. But what we've seen here is that btc can be like a normal fiat money, it can never be like gold.
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Nicholas Kariuki 14 MarCorona Virus might not have got me , but it sure damged my pocket will never forget, I sold al My btc at 6800$ for fear of further fall, and it did happen
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Athar Saleem 14 MarYes; this pandemic has affected in a wide range and financial crisis is the worst example of it.
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I am becoming to believe that Coronavirus was engineered at distorting the world economy. I am really hoping for a vaccine coming up somehow soon.
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Hendy koe 14 MarCorona destroying economies...