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‘Unlimited QE’ Pumps Bitcoin but BTC Price Remains Bearish Below $6.8K

Published 03/23/2020, 09:59 AM
Updated 03/23/2020, 01:20 PM
‘Unlimited QE’ Pumps Bitcoin but BTC Price Remains Bearish Below $6.8K

The United States Federal Reserve announced a barrage of programs aimed to help the markets, with no limit. That means unlimited QE. Not only the crypto markets are showing a bounce, but other markets are also experiencing the same.

Equity markets in the United States hit their limit down of 5% in the futures markets earlier today, but are up 8% since the low. What can be expected from the crypto markets, due to this news?

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