NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Fed’s Surprise Rate Cut Led Bitcoin to Surge, and It Crashed Minutes Later

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Crypto

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

It has been a turbulent past few weeks for virtually every major market across the globe, with Coronavirus fears sparking an intense selloff that sent the Dow Jones, Gold, and Bitcoin all reeling lower in tandem.

This correlation has shown no signs of slowing down, as the Fed just announced a 50-basis point rate cut that instantly led the US equities market and Bitcoin to surge.

Shortly after this surge, however, these markets surrendered these gains, with Bitcoin plummeting back down to $8,700.

Fed Announces Largest Emergency Interest Rate Cut Since 2008 

Just minutes ago, the Fed announced that they would be conducting an emergency 50bps rate cut aimed at providing the markets with some much-needed stability.

This interest rate reduction marks the first emergency cut that the Federal Reserve has conducted since the 2008 financial crisis, signaling that they view the economy’s current position as being precarious due to the recent week-long selloff seen across all markets – including Bitcoin.

Heather Long, the Washington Post’s economic correspondent, spoke about the significance of this latest rate cut in a recent tweet, saying:

“BREAKING: Federal Reserve makes an emergency 50bps interest rate cut. It’s the biggest cut since 2008 and the first emergency rate cut since 2008.”

BRAKING: Federal Reserve makes an emergency 50bps interest rate cut.

It's the biggest cut since 2008 and the first emergency rate cut since 2008. #economy #stocks

— Heather Long (@byHeatherLong) March 3, 2020

This instantly led the Dow Jones to surge from 25,800 to highs of nearly 27,100, which is around where the rally lost its steam, with the DJI subsequently retracing back to 26,650.

Bitcoin Moves in Tandem with Dow Jones, Erases Early-Morning Gains 

The impacts of the 50bps rate cut were not limited to the traditional markets, as it instantly led Bitcoin and Gold to both surge alongside the Dow Jones and other benchmark indices.

Bitcoin instantly surged from lows of $8,720 to highs of $8,900, with this intense rally happening at precisely the same time as the surge seen by the DJI.

“Spot where the Fed rate cut was announced,” Hsaka, a prominent cryptocurrency analyst on Twitter, noted while pointing to a chart showing the crypto’s rapid rise.

Spot where the Fed rate cut was announced.$BTC pic.twitter.com/oVe9l2LpWV

— Hsaka (@HsakaTrades) March 3, 2020

In the time following this rally, however, BTC has since erased all of these gains, with the crypto plummeting to lows of $8,680 before climbing slightly to its current price of $8,720.

One of the only assets that has been able to hold on to the rate cut-driven gains is Gold, which is currently trading up over 3%, with its uptrend showing no signs of slowing down.

Featured image from Shutterstock
Tweet123Share208ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Bulls Roar

Ethereum Bulls Roar — $3K Beckons After 5% Spike

Ethereum price started a fresh increase above the $2,720 zone. ETH is now consolidating gains and might aim for a...

Aayush Jindal 2 hours ago
Bitcoin Price Attempts a Comeback

Bitcoin Breakout Alert — Price Turns Green as Bulls Step In

Bitcoin price started a fresh increase above the $108,500 zone. BTC is now up over 3% and showing positive signs...

Aayush Jindal 3 hours ago
Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape

Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape

Bitcoin continues to consolidate just below its all-time high of $112K, holding firmly above key support at $105K despite repeated...

Sebastian Villafuerte 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana (SOL) Rockets Over 10%

Solana (SOL) Spikes to $160 — Will Bulls Power Past This Wall?

Aayush Jindal 43 minutes ago
Is Bitcoin Ready to Pop? Analyst Warns of Sell-Side Liquidity Squeeze as Whales Take Over

Is Bitcoin Ready to Pop? Analyst Warns of Sell-Side Liquidity Squeeze as Whales Take Over

Samuel Edyme 52 minutes ago
XRP Price Pulls Back From Highs

XRP Price Flashes Strength — Bulls Looking for Continuation

Aayush Jindal 1 hour ago

Premium Sponsors

Press Releases

  • Ripple XRP Investors Making $10,9700 Per Day with This...

    4 hours ago
  • 仮想通貨プレセール|次世代ビットコイン拡張プロジェクトが200万ドル目前、投資家が続々と参加中

    ...

    15 hours ago
  • 仮想通貨おすすめ|ビットコインが過去最高値に迫る中、ETFが70万トークンを保有

    ...

    15 hours ago
  • 新しい仮想通貨が160万ドルを調達──過剰な宣伝を避ける注目のミーム系ボット登場

    ...

    15 hours ago
  • 仮想通貨おすすめ|ビットコインが10万8,000ドル突破、2025年7月に注目の17銘柄

    ...

    15 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.