RATE Group | Bitcoin whales claims rally to $9,500 is a pump and dump movie
87073
post-template-default,single,single-post,postid-87073,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin whales claims rally to $9,500 is a pump and dump movie

30 Apr Bitcoin whales claims rally to $9,500 is a pump and dump movie

Posted at 10:54h in Cryptocurrency News by

  • The US Federal Reserve warns of a medium-term economic disaster as the COVID-19 curve remains uncertain.
  • Bitcoin price could be taking advantage of the stimulus package to rally pre-halving.
  • A prominent Bitcoin whale, Joe077 reckons that Bitcoin’s ‘one-week chart is the definition of an illiquid altcoin.

Bitcoin made a spectacular move on Wednesday and Thursday amid warnings from the United States Federal Reserve that the economy is staring into a “medium-term” disaster. The regulator has decided to keep the lending rates near zero and urged that more stimulus be advanced if and when needed. Global economies are on the verge of collapse as governments channel most of the resources towards the fight against the COVID-19 pandemic. According to the Fed Chair, Jerome Powell, the US economy will fall further on the account of three factors including the uncertainty of the Coronavirus curve, reduced production capacity and the crisis’ global dimension.

Source link

Tags:
, , , , , , ,