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.
Now, the NY Fed is conducting a massive liquidity injection into the markets in an attempt to ease fears regarding companies access to capital.
This $1.5 trillion capital injection is being referred to as the Fed firing its “nuclear weapon” by analysts and could have impacts on Bitcoin and all other assets.
Markets See Capitulatory Selloff as Fed Deploys Massive Capital Injection
The major US benchmark indices all saw intense losses today, with the Dow Jones plummeting 10% while the S&P 500 and Nasdaq both dropped over 9%.
Today was the worst day the markets have seen since the 1987 market crash, with this ongoing selloff being driven by widespread hysteria regarding the rapidly spreading Coronavirus. Read More...