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Bitcoin (BTC) price bull markets coincide with one specific macroeconomic trend — and the next may now be around the corner.In a Twitter debate on April 18, PlanB, the vocal analyst who created Bitcoin’s stock-to-flow price model, argued that the cryptocurrency benefitted from money printing.BTC waits as “QE infinity” passes
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Crypto-Twitter has reacted with horror to the news that the United States Federal Reserve has been given a mandate to print as much new money as it needs to in order to avert a deeper financial crisis due to the coronavirus pandemic.Charles Hoskinson, CEO of Cardano developer, IOHK, even
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Bitcoin surged by almost 11 percent minutes after the US central bank committed to unlimited purchasing of US Treasuries mortgage-backed securities to help its struggling economy amidst Coronavirus pandemic.“The Federal Reserve is committed to using its full range of tools to support households, businesses, and the US economy overall in
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The outbreak of the coronavirus has had a significant impact on markets, and cryptocurrencies have not been spared either. Over the weekend, the US Federal Reserve was forced to slash interest rates to almost zero, but that didn’t help Bitcoin (BTC), which dropped below $5,000. Bitcoin (BTC) Drops Below $5,000 The largest
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Bitcoin (BTC) has failed to hold onto gains once again as commentators warn that the interest rate cuts by the Federal Reserve are “not a drill.”After the United States’ central bank cut rates to near zero on Sunday, BTC/USD briefly rallied but on Monday was falling in line with
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In the past hour Bitcoin (BTC) price perked up and rallied 14.33% to a daily high at $5,940. The strong upside move allowed the price to break out of the tight $5,070-$5,520 range but at the time of writing the price is pulling back below into its previous trading
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The U.S. Federal Reserve injected $168 billion into finance several days ago, which correlates to Bitcoin’s current falling price.“So long as the broader markets keep falling – expect the same out of Bitcoin,” Bill Herrmann, CEO of alternative investment firm Wilshire Phoenix told CryptoX as part of an explanation
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U.S. central bankers pledged Thursday to inject some $1.5 trillion into the financial system in an effort to calm panicky markets after the spreading coronavirus triggered steep price declines on everything from stocks to bitcoin.The move by the Federal Reserve Bank of New York comes as investors in traditional Wall
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A blockchain lending firm has seen the value of total loans funded surge to $1 billion since the United States Federal Reserve announced its emergency stimulus interest rate cut last week.In an announcement on March 10, Figure Technologies — which claims to be the industry’s first fintech to bring
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The United States Federal Reserve has funneled the equivalent of half the entire Bitcoin (BTC) supply into the economy — but banks want even more money.As the New York Fed confirmed on its website, so-called repurchase operations, or “repos,” totalled $89 billion on March 5 alone. Coronavirus sparks liquidity scumRepos
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