Day: May 25, 2020

Nearly $20 Million of BitMEX Longs Liquidated As Bitcoin Tumbles Below $8,800

boss

Since NewsBTC’s last market update, the Bitcoin market has continued to flash signs of weakness. After managing to temporarily reclaim $9,000, the cryptocurrency started to plunge just minutes ago, falling as low as $8,675 — 4% lower than where BTC started the day and about 15% below the May highs. Bitcoin price chart from TradingView.com This latest leg lower has resulted in a liquidation event on margin-enabled exchanges, with this rapid drop catching most traders off guard. According to Skew.com — a website tracking crypto derivatives — just shy of…

Fed’s 1/2 Trillion Housing Market Bailout Is Making History Again

boss

The Fed is going scorched earth on deflation in the housing market. The Federal Reserve has never intervened so forcefully in the economy. But in the process, it’s fueling the greatest of all time asset bubbles. Someone bulldoze the statue in the Lincoln Memorial and put Federal Reserve Chair Jerome Powell there. The Fed is slapping price deflation with unprecedented force. And it’s making history with daunting command over the financial system. The Fed’s balance sheet grew to a record $7 trillion in holdings this week. After this is all…

The Upcoming 2020 Crisis Will be the Worst Economic Downturn in the Century

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Stock market is up but our economy is down, even the chair of fed Jerome Powell publicly announced that we in the worse economic down turn since 1940s. In this video I will explain why economy soon will get worse then Raoul Pal will explain the current Solvency crisis. ==================================================== 🔑Ledger Wallet: 💰Patreon: 🚀Let’s connect on Steemit: =================================================== 💰Get a Coinbase Wallet! – Sign up! 💰Get a Binance Wallet! – Sign up! =================================================== ★ Any donation is highly appreciated. 🔑 BTC Wallet…