RATE Group | Latest cryptocurrency news and prices, 21 October 2019
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Latest cryptocurrency news and prices, 21 October 2019

21 Oct Latest cryptocurrency news and prices, 21 October 2019

Posted at 12:16h in Cryptocurrency News by

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Bitcoin’s price has climbed back above the $8,000 support, with a 3% price gain in the past 24 hours. The altcoin markets for the most part have also seen notable price gains. Here are your latest cryptocurrency news and prices.

Latest Bitcoin (BTC) news and prices

Bitcoin (BTC) proponents are voicing fresh alarm after the United States Federal Reserve printed more than its entire market cap in new money this month.

As noted by cryptocurrency social media pundit Dennis Parker on Oct. 21, since mid-September, the Fed has injected $210 billion into the economy.

Part of its newly-revitalized quantitative easing (QE) strategy, the move dwarfs the total market cap of Bitcoin, which stands at $148 billion.

QE refers to the buying up of government bonds in order to provide economic stimulus. The Fed’s balance sheet, Parker notes, jumped from $3.77 trillion last month to $3.97 trillion. It had previously been higher, while the Fed’s own projections call for a balance sheet worth $4.7…

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