Cryptocurrency market soars by $35bn in a day spurred by Bitcoin halving ‘event’ and Fed money-printing – LearnBonds.com
The cryptocurrency market rallied led by Bitcoin on Thursday, as the Federal Reserve continues to push money into financial markets to contain the fallout of the coronavirus health emergency. Overall, cryptocurrencies gained more than $35bn in market value over the last 24 hours as the Federal Reserve committed to maintain low interest rates, while Bitcoin’s May halving, an event that reduces cryptocurrency supply, is under two weeks away.
