Bitcoin Jumps 11% as Fed Commits Infinite Quantitative Easing
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Bitcoin surged by almost 11 percent minutes after the US central bank committed to unlimited purchasing of US Treasuries mortgage-backed securities to help its struggling economy amidst Coronavirus pandemic. Elsewhere in the cryptocurrency market, almost all the top assets followed bitcoin’s cue.
Other assets, including Bitcoin Cash, Litecoin, Bitcoin SV, Binance Coin, and EOS, also rose in the range of 6 and 10 percent. Bitcoin is part risk asset, part digital gold at this point of time,” he said.
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