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The Fed Hints at Rate Cuts, Bitcoin Surges to $62,000, but Future Trajectory Remains UncertainA potential rate cut hinted at by Federal Reserve Chair Jerome Powell on Friday sent Bitcoin prices soaring past $62,000. However, the short-lived price surge also triggered a liquidation of over $21 million in short positions within an hour, coupled with some long liquidations

Bitcoin Breaks $62,000 After Fed Chair Hints at Continued Rate Cuts

Salvadoran Public Servants to Receive Bitcoin Training, Paving the Way for Digital Asset StrategyThe Bitcoin Office of El Salvador has announced that 80,000 public servants will receive Bitcoin guidance and knowledge certification through a public administration course module taught by the Higher School of Innovation in Public Administration (ESIAP). In addition to Bitcoin, the module will cover training in cybersecurity, blockchain, and artificial intelligence (AI), culminating in a public administration certificate

After Bitcoin Breaks Below $85,000, Can a September Rate Cut Ignite the Market?BTC has closed two consecutive weeks in the green after breaking below $85,000, but the rebound has failed to break above the 0.618 resistance level of $62,000, currently remaining in a range-bound consolidation phase

Interest Rate Cut Expectations and Altcoin Market: Prelude to a Bull Run or the Beginning of the Peak?While the market anticipates a potential interest rate cut in September by the US Fed, the positive impact of such a policy might not be immediately visible. This is especially true as global economic uncertainty casts a shadow, prompting investors to adopt a cautious stance, waiting for the actual effects of the interest rate cut to materialize in the market

Fed's Rate Cut Expectations Ignite Market Enthusiasm, Bitcoin Rallies Strongly, Altcoins Show Divergent PerformanceThe market witnessed significant fluctuations last night after the Federal Reserve hinted at potential interest rate cuts. Despite experiencing substantial declines previously, today the market exhibited clear signs of recovery, with Bitcoin leading the charge while altcoins displayed a diverging performance

Fed Rate Cut Expectations Rise, Financial Markets Diverge: Crypto Under Pressure, Gold Hits New HighBitcoin (BTC), cryptocurrencies, and broader financial markets were broadly under pressure in early trading on Friday, with some analysts attributing the decline to profit-taking after a rally fueled by the Japanese yen early last week. However, spot gold continued its stellar run, breaking through $2,500

Binances He Yi: A Comprehensive Breakdown of BNB, its Strategic Deployment, and Future Development Born in the bear market of 2017, BNB plays a crucial role within Binance's ecosystem. Serving as the platform's universal "gas," BNB transitioned from its initial burn mechanism to trading fee deductions, real-world applications, and future plans for stablecoin integration and the "Rising Star Program

BTCUSDT Today's Market Review and Short-Term Strategy of theETF in the Bitcoin Spot MarketToday OverviewII. Chart AnalysisThe overall trendThe current Bitcoin price is fluctuating around USDT 59,310

High-Volatility ETF: Betting on MicroStrategy, Defiance's New MSTX Fund Pushes Market LimitsIn the U.S

Crypto Market Shakes, Fed Rate Cut Expectations Rise, Where Does Ethereum Go From Here?Financial markets exhibited volatility on Wednesday. The US core CPI for July decreased for the fourth consecutive month, hitting its lowest growth rate since early 2021

Bitcoin Breaks Below $60,000 Despite Rising Fed Rate Cut Expectations, Is Crypto Confidence Waning?The latest data from the U.S