Bitcoin is on the brink of getting smacked down further amidst the deflationary crisis. The US Feds has brought further QE measures in a bid to stomp down the coronavirus scare that is showing no sign of stopping.

The benchmark rates have been reduced to 0%, and $700 billion has been added to the QE funds system. This is another addition to the <a href="https://www.cryptoknowmics.com/crypto/federal-reserve-rate-cuts-can-defeat-post-halving-btc-inflation/">$1.5 trillion, which was made last week</a>. These calls by the US Feds have put the economy on borderline depression.

The last time the Fed did an emergency rate cut was during the 2008 financial crisis.
<blockquote class="twitter-tweet">
The last time the Fed did an emergency rate cut was during the 2008 financial crisis.
Over the last two weeks, they did two separate emergency rate cuts that totaled 1.5% and brought us to 0% interest rates.

This is not a drill. These are unprecedented actions by the Fed.

— Pomp ? (@APompliano) <a href="https://twitter.com/APompliano/status/1239393868719837184?ref_src=twsrc%5Etfw">March 16, 2020</a></blockquote>
Over the last two weeks, they did two separate emergency rate cuts that totalled 1.5% and brought us to 0% interest rates.

After the last week lockdown, the CME futures market threw another “lower limit” into the mix yesterday in order to fail-safe levels and restricting the plummeting in stock to not more than 5%. S&amp;P 500 index is languishing at a low of 25%, compared to the previous month.

The SPX futures index fate is not dissimilar as it plunged by 3.62% around the $2550 mark. The futures appear bleaker for June and September contract trader, expected to be even lower.

Bitcoin is sinking together with the stock markets and is enduring a living hell. The QE measures have failed in uplifting the futures market. Ergo, it is a warning bell for bitcoin both in the current scenario and in future.
<h2>The US Feds Call Receives Ridicule, Global Reach of Bitcoin to Play The Guardian Angel?</h2>
The constant cutting down of rates by the US Feds has turned it into a laughing stock, in the eyes of the Bitcoin believers, who are saying that this trick is outdated and won't help the cause. In their eyes, this is all that the US Feds can offer and it won't suffice.

The gloom in the global market has knocked the wind out of bitcoin's sail as well—it price shrunk by more than 50%. However, many are still showing immense faith and believe these are the times' something like Bitcoin is needed the most, to lend legs to a crippling economy.

The global reach of bitcoin could help it propel. The capability of bitcoin to buy support from other regions of the world is insurmountable. As China tries to relapse, a surge in spot premiums is becoming imminent, according to Dovey Wan, a crypto analyst and founding partner at Primitive Crypto.

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 	<li><a href="https://www.cryptoknowmics.com/news/the-us-fed-court-sentence-citizen-for-funding-isis-using-bitcoin/">The US Fed Court Sentence Citizen For Funding ISIS Using Bitcoin</a></li>
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US Feds Bring The Rates Down to 0%, Can Bitcoin Prosper ?

The US Feds has announced extreme QE measures in their attempt to tackle the coronavirus crisis. The rates have been reduced to 0%.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

US Feds Bring The Rates Down to 0%, Can Bitcoin Prosper ?

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