Bitcoin Price Ignores $2.3T Fed Cash as Pundit Warns of ‘Sucker Rally’

Bitcoin Price Ignores $2.3T Fed Cash as Pundit Warns of ‘Sucker Rally’

The current $7,000+ price performance is getting a highly suspicious reception from traders, as markets see yet more bailouts. Bitcoin (BTC) braved less volatile but choppy trading on April 9 as the United States Federal Reserve flooded markets with trillions in dollars.Cryptocurrency market daily overview. Source: Coin360Fed rolls out trillions in loansData from Coin360 and Cointelegraph Markets showed BTC/USD still keeping within a tight $400 corridor between $7,100 and $7,410 as the week continued.A…

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‘This Will and Needs to Be Bitcoin’s Year’ Says Mike Novogratz

'This Will and Needs to Be Bitcoin’s Year' Says Mike Novogratz

Just as Bitcoin’s creation is bound up with 2008 and the Great Recession, Galaxy Digital founder Mike Novogratz sees this year as make-or-break for the cryptocurrency. With vast swaths of the world markets in virtual lockdown amid the coronavirus pandemic, some predict that the shocks rippling through the global economy in early 2020 may yet come to dwarf the magnitude of the 2008 financial crash.Just as Bitcoin (BTC)’s creation is bound up with 2008…

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