Bitcoin And Stock Markets | FED Injections | Ethereum DeFi In Trouble? Call of Duty Crypto

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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...
https://twitter.com/altcoinbuzzio/sta...
 https://www.axios.com/federal-reserve... 
Call of Duty Crypto to Rival Fortnite V-Bucks 
https://www.cryptopolitan.com/call-of... 
MakerDAO Debts Grow as DeFi Leader Moves to Stabilize Protocol 
https://www.coindesk.com/makerdao-deb... 
https://twitter.com/camirusso/status/... 


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NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.



COMMENT

19

Athar Saleem
14 Mar

DeFi 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.......

6

ibr63 ibr63800
14 Mar

BTC rises again. But what we've seen here is that btc can be like a normal fiat money, it can never be like gold.

18

Nicholas Kariuki
14 Mar

Corona 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

19

Athar Saleem
14 Mar

Yes; this pandemic has affected in a wide range and financial crisis is the worst example of it.

30

preview not available Dotun Awosika
14 Mar

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.

3

Hendy koe
14 Mar

Corona destroying  economies...

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