Bitcoin Rises Then Falls Amid Fed Reserve Rate Cut to Zero
March 19, 2020 at 08:00 AM EDT
Once hailed as a digital safe haven that could one day supplant gold, Bitcoin has been anything but its precious metal counterpart as of late even after the Federal Reserve recently slashed rates to zero percent. The move comes amid persisting concerns regarding the coronavirus outbreak, which should spur gains for safe havens like Bitcoin, but it hasn’t been responding as such.