We’re seeing some bullish bitcoin price action today along with other asset classes after the Fed announced unprecedented measures yesterday to shore up the economy. This has given a lot of confidence to investors. It will be interesting to see how bitcoin fares in such an environment, given this is its first test as a haven asset in a market downturn and is yet to be proven.
Bitcoin price was about $6,500 yesterday, having steam for a rise from $5,800. The equity markets are under pressure, crypto shows strength. .