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/status/1238674534380654598 https://twitter.com/altcoinbuzzio/status/1238154951592837123 https://ift.tt/2Qf8bcy Call of Duty Crypto to Rival Fortnite V-Bucks https://ift.tt/2TQlanj MakerDAO Debts Grow as DeFi Leader Moves to Stabilize Protocol https://ift.tt/38U6h85 https://twitter.com/camirusso/status/1238594987975233536 --------- #Bitcoin #Cryptocurrency #Blockchain #BTC #ETH #Enjin #Tomochain #Crypto.com #Electroneum #Cardano --------- New Weekly CryptoTag #Giveaway - Simply Subscribe to Altcoin Buzz and drop a comment on the Video - Winners for this weekly giveaway will be announced on every Saturday --------- Altcoin Buzz Free Newsletter: https://ift.tt/2KaADZC Sign up for Crypto.com and We Both Get $50 USD https://ift.tt/2P7Alq9 Sign up for eToro https://ift.tt/2KxN3uI --------- Visit our website: https://altcoinbuzz.io Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://ift.tt/2EyHESp Telegram: https://ift.tt/2DJ5Uhp ---------- 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.
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