in Cryptocurrency

Wilshire Phoenix CEO Explains $168B US Fed Injection and Crypto Correlation

169 Views

Wilshire Phoenix CEO Explains $168B US Fed Injection and Crypto CorrelationWilshire Phoenix CEO Explains $168B US Fed Injection and Crypto Correlation

The U.S. Federal Reserve injected $168 billion into finance several days ago, which correlates to Bitcoin’s current falling price.

“So long as the broader markets keep falling – expect the same out of ,” Bill Herrmann, CEO of alternative investment firm Wilshire Phoenix told Cointelegraph as part of an explanation of the Fed’s recent actions.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Cryptocurrency - investing.com

Cardano Falls 11% In Rout

Bitcoin Falls 10% In Bearish Trade