{"id":417969,"date":"2020-03-12T23:00:07","date_gmt":"2020-03-12T23:00:07","guid":{"rendered":"https:\/\/wncen.com\/?p=417969"},"modified":"2024-06-11T13:43:17","modified_gmt":"2024-06-11T13:43:17","slug":"will-the-feds-massive-1-5-trillion-injection-send-bitcoin-skyrocketing","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/will-the-feds-massive-1-5-trillion-injection-send-bitcoin-skyrocketing\/","title":{"rendered":"Will the Fed\u2019s Massive $1.5 Trillion Injection Send Bitcoin Skyrocketing?"},"content":{"rendered":"
The financial markets have been caught within the throes of an unrelenting downtrend over the past several weeks, which has reached a boiling point today after the US benchmark indices posted one of their largest one-day selloffs in decades, leading Bitcoin and all other digital assets to similarly plunge.<\/p>\n
Now, the NY Fed is conducting a massive liquidity injection into the markets in an attempt to ease fears regarding companies access to capital.<\/p>\n
This $1.5 trillion capital injection is being referred to as the Fed firing its \u201cnuclear weapon\u201d by analysts and could have impacts on Bitcoin and all other assets.<\/p>\n
The major US benchmark indices<\/a> all saw intense losses today, with the Dow Jones plummeting 10% while the S&P 500 and Nasdaq both dropped over 9%.<\/p>\n Today was the worst day the markets have seen since the 1987 market crash<\/a>, with this ongoing selloff being driven by widespread hysteria regarding the rapidly spreading Coronavirus.<\/p>\n The effects of this panic-driven selloff haven\u2019t been limited to the traditional markets, as precious metals like Gold and Silver have also declined while cryptocurrencies like Bitcoin<\/a> have all seen unprecedented drops.<\/p>\n The NY Fed is now taking actions to curb the market\u2019s downturn by pumping $1.5 trillion into the markets via a Treasuries repurchasing program \u2013 an action commonly referred to as quantitative easing (QE).<\/p>\n