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📈 30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $6,288
Bitcoin price has rallied briefly from weekend levels, following the Federal Reserve’s QE announcement this morning.
Top-20 altcoins have remained stable, as Ethereum remains almost unchanged, XRP loses 1%, and Dash is the day’s biggest mover, losing 3%.
Top Stories for March 23, 2020 🔥
👉 BitMEX Rumored to be Implementing KYC and AML Measures
BitMEX is rumored to be introducing know-your-customer (KYC) rules, after community members pointed out that the exchange is hiring an anti money-laundering manager.
Experts predict that this may have a strong impact on Bitcoin, due to the magnitude of volume which comes from Bitcoin dervatives on the BitMEX platform.
👉 Bank of China Posts Long Anti-Crypto Notice on WeChat
Bank of China have posted a long anti-crypto message from its official WeChat account, titled 3.15 Protection of Financial Consumption Rights and Interests”.
The post warns about cryptocurrency investment, including dismissing the notion that Bitcoin is a safe haven asset.
👉 Federal Reserve Announces Unlimited QE, Asset Purchases
The Federal Reserve has announced that it will be buying Treasurys and mortgage-backed securities to support US markets, in indefinite amounts.
Bitcoin price rallied upon the news, as the US dollar briefly plummeted against most major currencies.