Bitcoin And Stock Markets | FED Injections | Ethereum DeFi In Trouble? Call of Duty Crypto
211Bitcoin 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://www.axios.com/federal-reserve-stimulus-helicopter-money-00d74279-a970-4c4d-b570-3cc303559955.html
Call of Duty Crypto to Rival Fortnite V-Bucks
https://www.cryptopolitan.com/call-of-duty-crypto-rival-fortnite-v-bucks/
MakerDAO Debts Grow as DeFi Leader Moves to Stabilize Protocol
https://www.coindesk.com/makerdao-debts-grow-as-defi-leader-moves-to-stabilize-protocol
https://twitter.com/camirusso/status/1238594987975233536
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