The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

What is happening with Bitcoin (BTC) price?

2 min reading

During the last 24 hours BTC price reached the price level of 5 823 USD. Shortly after that, Bitcoin's price dropped to 5 400 USD in 30 minutes. What caused this strong price movement?

bitcoins chart price

FED announcement vs Bitcoin price

As it turned out, Bitcoin's price increased right after the United States Federal Reserve (FED) announced, that they would lower the interest rates to 0. This decision is one of many ways to fight with market turbulences caused by the panic related to coronavirus epidemic.

However, not everything went as it was planned to be. Despite FED's strong and rapid intervention, investors remain worried about long-term impact of the fact, that many countries are closing their own borders due to epidemic. Moreover, airlines are cancelling both international and some of local flights and there are curfew hours being set, to encourage citizens to stay home and prevent the disease spreading.

It is not the only BTC price that increased after FED's annoucement. Most of the altcoins followed its path.

Current situation on cryptocurrency market

Current Bitcoin price is 4 860 USD. Bitcoin's price fell down just as fast as it increased before. Over the last 24 hours. BTC price decreased by 7.97%.

btc price

It was no different with altcoins. Most of them scored a declines at level of 10%. For example, Ether, the second largest cryptocurrency in terms of market capitalization it can be seen, that its decrease occured at the same time that Bitcoin declined. Ethereum price was at level of 130 USD, then it passed a fall. Current ETH price is only 109 USD.

Tell us what do you think about cryptocurrency market situation in the comments section!

Currency Exchange rate Buy cryptocurrency

Buy crypto now

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.