Bitcoin Bounces as Fed Announces Emergency Rate Cut

In one of the craziest weeks in financial market history, the Fed has announced emergency economic stimulus to counter negative impacts from Covid-19. Shortly after, Bitcoin price bounced briefly above $8,900 before correcting. Did the Fed’s announcement pump Bitcoin price almost $200? Bitcoin  has seemingly had a positive reaction to the Fed’s announcement of emergency stimulus to counteract the negative effects of the Covid-19 outbreak as new cases have been discovered in the US. Bitcoin […]

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