Bitcoin (BTC) has rebounded in the past 24 hours, buoyed by the US Federal Reserve's Coronavirus-related quantitative easing action. Having reached and surpassed the $6,000 level on Monday, the flagship cryptocurrency continued its upwards movement on Tuesday and is now trading 7.26% higher at $6,650.
The Fed announced on Monday an open-ended asset purchase program to thwart the pandemic’s’ effects on the economy. The central bank said it would buy $125 billion in bonds every day, making for a massive $2.5 trillion monthly buyback exercise. It also r...
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