#CryptoCorner: #Bitcoin Still in the Red After Brief Spike Following QE4 Announcement, Hut 8 (TSX: $HUT.TO) Reveals Cost-Saving Measures Amid Market Chaos, Bakkt (NYSE: $ICE) Raises $300M in Series B Funding Round

#CryptoCorner: #Bitcoin Still in the Red After Brief Spike Following QE4 Announcement, Hut 8 (TSX: $HUT.TO) Reveals Cost-Saving Measures Amid Market Chaos, Bakkt (NYSE: $ICE) Raises $300M in Series B Funding RoundPoint Roberts, WA, Delta BC March 16, 2020 – Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of theCrypto Corner podcastand commentary on what’s driving the cryptocurrency market .Listen to today’s Crypto Corner Podcast:https://www.investorideas.com/Audio/Podcasts/2020/031620-CryptoMarket.mp3Read this in full athttps://www.investorideas.com/news/2020/crypto-corner/03161Bitcoin-HUT-ICE.aspGet the Crypto Corner Podcast on iTunesBitcoin Still in the Red After Brief Spike Following QE4 Announcement, Hut 8 Reveals Cost-Saving Measures Amid Market Chaos and Bakkt Raises $300M in Series B Funding RoundStocks discussed: (TSX:HUT) (NYSE:ICE)Following last week’s market devastation, Bitcoin (BTC) more or less plateaued at a trading price of just above $5,000 over the weekend, after having fallen from around $7,500 last Thursday. Now, as we’re entering a new week, Bitcoin is down another nine percent in the last 24 hours and is posting a current trading price of $4,850, according to data fromCoinMarketCap. This, of course, comes amid a general calamity seen in traditional markets as a response to global panic over the worsening Coronavirus pandemic. Crypto’s continued mirroring of the traditional markets’ downturn is presenting a challenge to the perception of it as a safe haven, though it bears repeating that the market chaos has affected other traditionally safe haven assets like gold to some extent.The Federal Reserve has responded to this widespread market turmoil with the reintroduction of a zero interest rate policy, and $700 billion in quantitative easing comprising $500 billion of Treasury bonds and $200 billion of mortgage-backed securities.CNBCquotes Fed chair Jay Powell on the interest rate cut:“We will maintain the rate at this level until we’re confident that the economy has weathered recent events and is on track to achieve our maximum employment and price stability goals.”Within an hour of the Fed’s announcement, Bitcoin rallied 7.7 percent, according toCoinDesk, though as we’ve discussed, these gains have since dissipated. Additionally, the Fed’s move has not seemed to have impacted stock market indexes, which are decidedly in the red today. Commenting on the Fed’s decision, ShapeShift CEO Erik V#CryptoCorner: #Bitcoin Still in the Red After Brief Spike Following QE4 Announcement, Hut 8 (TSX: $HUT.TO) Reveals Cost-Saving Measures Amid Market Chaos, Bakkt (NYSE: $ICE) Raises $300M in Series B Funding RoundPoint Roberts, WA, Delta BC March 16, 2020 – Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of theCrypto Corner podcastand commentary on what’s driving the cryptocurrency market .Listen to today’s Crypto Corner Podcast:https://www.investorideas.com/Audio/Podcasts/2020/031620-CryptoMarket.mp3Read this in full athttps://www.investorideas.com/news/2020/crypto-corner/03161Bitcoin-HUT-ICE.aspGet the Crypto Corner Podcast on iTunesBitcoin Still in the Red After Brief Spike Following QE4 Announcement, Hut 8 Reveals Cost-Saving Measures Amid Market Chaos and Bakkt Raises $300M in Series B Funding RoundStocks discussed: (TSX:HUT) (NYSE:ICE)Following last week’s market devastation, Bitcoin (BTC) more or less plateaued at a trading price of just above $5,000 over the weekend, after having fallen from around $7,500 last Thursday. Now, as we’re entering a new week, Bitcoin is down another nine percent in the last 24 hours and is posting a current trading price of $4,850, according to data fromCoinMarketCap. This, of course, comes amid a general calamity seen in traditional markets as a response to global panic over the worsening Coronavirus pandemic. Crypto’s continued mirroring of the traditional markets’ downturn is presenting a challenge to the perception of it as a safe haven, though it bears repeating that the market chaos has affected other traditionally safe haven assets like gold to some extent.The Federal Reserve has responded to this widespread market turmoil with the reintroduction of a zero interest rate policy, and $700 billion in quantitative easing comprising $500 billion of Treasury bonds and $200 billion of mortgage-backed securities.CNBCquotes Fed chair Jay Powell on the interest rate cut:“We will maintain the rate at this level until we’re confident that the economy has weathered recent events and is on track to achieve our maximum employment and price stability goals.”Within an hour of the Fed’s announcement, Bitcoin rallied 7.7 percent, according toCoinDesk, though as we’ve discussed, these gains have since dissipated. Additionally, the Fed’s move has not seemed to have impacted stock market indexes, which are decidedly in the red today. Commenting on the Fed’s decision, ShapeShift CEO Erik VRead More