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Ethereum Plunges 6% Amidst FUD Wave: Trump Attack, Fed Rate Cut Trigger Market Turmoil
Ethereum Plunges 6% Amidst FUD Wave: Trump Attack, Fed Rate Cut Trigger Market TurmoilEthereum (ETH) price plummeted by 6% in the past 24 hours, falling from an intraday high of $2,425 on September 15th to a low of $2,260 on September 16th. This decline pushed ETH below the $2,200 support level, marking its lowest point since January this year
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Bitcoin Reclaims $60,000, Altcoins Surge, Fed Rate Decision Remains Crucial
Bitcoin Reclaims $60,000, Altcoins Surge, Fed Rate Decision Remains CrucialThe crypto market experienced a strong surge, with Bitcoin (BTC) breaking through $60,000, reaching $60,400 at the time of writing. This news has also fueled a widespread rally in altcoins, with assets like DOGE, ETH, and SHIB turning green and registering gains exceeding 3%
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Bitcoin and US stocks climb as expectations for Fed rate cut heat up
Bitcoin and US stocks climb as expectations for Fed rate cut heat upBitcoin (BTC) and US stocks were trending higher in early trading on Tuesday as Wall Street's expectations for a 50-basis-point rate cut from the Federal Reserve now stand at 63%. The size of the rate cut has been the focus of intense debate over the past week, as data has been mixed but has shown a clear indication that inflation continues to moderate toward the Fed's 2% target, while US consumers are showing resilience despite higher living costs
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Fed Rate Cut Expectations Rise, Bitcoin Rallies Strongly, Can It Hold Above $60,000?
Fed Rate Cut Expectations Rise, Bitcoin Rallies Strongly, Can It Hold Above $60,000?The Federal Reserve is set to announce its latest interest rate policy at around 2:00 AM Beijing time on Thursday (September 19th). All analysts anticipate a rate cut, but opinions diverge on whether the cut will be 25 basis points or 50 basis points
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Bitcoin Takes Off, But Is It All About the Fed Rate Cut?
Bitcoin Takes Off, But Is It All About the Fed Rate Cut?Bitcoin experienced a sharp rally last night, soaring from $57,500 to above $60,000 after the US stock market opened, likely fueled by speculation surrounding the anticipated rate cut. However, its crucial to note that a rate cut doesnt necessarily imply price increases in Bitcoin
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Fed Rate Cut and Upcoming Election Could Push Bitcoin to New Highs
Fed Rate Cut and Upcoming Election Could Push Bitcoin to New HighsHedge fund manager Anthony Scaramucci predicts that Bitcoin will hit new highs, driven by a combination of a Fed rate cut and clear US cryptocurrency regulations after the November presidential election."We are going to see legislation in the first part of the next U
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Cryptocurrency Market Watch: Mainstream Coin Market Analysis & Trading Strategy
Cryptocurrency Market Watch: Mainstream Coin Market Analysis & Trading StrategyWith the market's fluctuations this week, the overall market has shown a small-scale bullish rebound. Let's review last week's market and look ahead to the future trend of mainstream coins to formulate our trading strategy
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Bitcoin Returns to $60,000: MicroStrategy's Massive Purchase Fuels Surge, Future Uncertain
Bitcoin Returns to $60,000: MicroStrategy's Massive Purchase Fuels Surge, Future UncertainOn September 14th, Bitcoin broke through the $60,000 mark, once again drawing market attention. This is the second time Bitcoin has crossed this price range this year, having previously fallen below $65,500 on August 26th
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Bitcoin Falls Below $56,000 as Fed Rate Hike Expectations Rise
Bitcoin Falls Below $56,000 as Fed Rate Hike Expectations RiseOn Wednesday (September 11), CME Bitcoin futures (BTC) closed at $57,685.00, down 0
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Bitcoin falls below $56,000 as Fed rate cut expectations cool
Bitcoin falls below $56,000 as Fed rate cut expectations coolBitcoin (BTC) and the broader cryptocurrency market declined in early trading on Wednesday, a move that coincided with diminished expectations for a Fed rate cut following the release of the August Consumer Price Index (CPI) report. The report showed that overall inflation rose at its slowest pace in more than three years in August, but it did not increase market expectations for a significant rate cut from the Fed
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Cryptocurrency Market Weekly Review: Funding Rate Signals Rebound, Bitcoin Correlation with S&P 500 Climbs
Cryptocurrency Market Weekly Review: Funding Rate Signals Rebound, Bitcoin Correlation with S&P 500 ClimbsThis week, the cryptocurrency market saw volatility, with Bitcoin's correlation with the S&P 500 reaching a 23-month high due to macroeconomic factors. Despite this, some institutions remain optimistic about the future of cryptocurrencies
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Bitcoin's September Challenge: Navigating Rate Cut Expectations Amid Historical Volatility
Bitcoin's September Challenge: Navigating Rate Cut Expectations Amid Historical VolatilityBitcoin (BTC) and the broader cryptocurrency market are facing a challenging environment, exacerbated by the historically volatile nature of September. While a potential rate cut by the Federal Reserve during the FOMC meeting on September 17-18 could bolster Bitcoin, its 30-day volatility has spiked to 70%, with trading volume approaching $3 trillion, reflecting heightened market activity and potentially increased risk