Bitcoin And Stock Markets | FED Injections | Ethereum DeFi In Trouble? Call of Duty Crypto

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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://t.co/Z3nnG53MaD

— Altcoin Buzz (@Altcoinbuzzio) March 14, 2020

The Federal Reserve said it would inject more than $1.5 trillion into short-term funding markets on Thursday and Friday to prevent ominous trading conditions from creating a sharper economic contraction.

1.5 TRILLION $

SOURCE : WSJ pic.twitter.com/WszP3ZxI1o

— Altcoin Buzz (@Altcoinbuzzio) March 12, 2020

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

I’m sure everyone wants to forget this week in crypto, but for those who still need one place to read up on the day DeFi giant @MakerDAO considered shutting down and consequences going forward:https://t.co/xOL49snu5l pic.twitter.com/U57rYH1WxC

— Camila Russo (@CamiRusso) March 13, 2020

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