On March 3, Bitcoin (BTC) price gained the most on speculation that the US Federal Reserve, as well as other central banks, will be supporting markets even as concerns of the coronavirus outbreak continue to grow.
A partnership between the money remittance company and the crypto services firm was first announced back in June when Ripple agreed to provide MoneyGram with US$50 million in order to support its payments product, On-Demand Liquidity, or xRapid, as it is sometimes referred to as.
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On March 27, Dorsey responded to the tweet of a Cash App user suggesting that the payments application could be used to distribute the United States’ forthcoming $2 trillion stimulus package.
Cybersecurity firm Emsisoft told Cointelegraph on March 23 that Maze group’s hackers compromised United Kingdom medical firm Hammersmith Medicines Research. The published data includes sensitive data on medical test volunteers such as id documents like passports, medical background and details of the tests.
Bitcoin (BTC) price perked up today, rallying from $5,688 to a daily high at $6,600. The digital asset defied the worst fears of analysts by holding above the $5,400 support and currently Bitcoin continues to show growing strength in the face of wilting equities markets.
Interestingly, gold and silver prices also rallied 4.42% and 5.94% as the S&P500 and Dow closed the day with moderate losses. This could indicate that market participants who recently exited their stock positions could be looking for shelter and growth in store-of-value assets.
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Over the past years, the altcoins market has grown at a breathtaking pace, and during this period, Bitcoin Cash (BCH) has emerged as one of the more popular ones. This week, BCH emerged as one of the biggest gainers in the crypto space and gained as much as 16% in the past 24 hours as altcoins seemed to make a comeback.
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