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Bitcoin unlikely to see large-scale rally in the short term: Analysts expect a dip test, with prices potentially reaching the $53,000-$54,000 range
Bitcoin unlikely to see large-scale rally in the short term: Analysts expect a dip test, with prices potentially reaching the $53,000-$54,000 rangeDespite the July Consumer Price Index (CPI) rising 2.9% year-on-year and inflation easing for the fourth consecutive month, the market widely expects the Federal Reserve to begin cutting interest rates next month, which briefly pushed Bitcoin to $61,500
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Bitcoin Breaks Below $60,000 Despite Rising Fed Rate Cut Expectations, Is Crypto Confidence Waning?
Bitcoin Breaks Below $60,000 Despite Rising Fed Rate Cut Expectations, Is Crypto Confidence Waning?The latest data from the U.S
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Bitcoin Price Not Expected to See Major Breakout Before Q4
Bitcoin Price Not Expected to See Major Breakout Before Q4As the cryptocurrency market stabilizes after a turbulent period, a new analysis warns against expecting a major breakout in the Bitcoin price before the final quarter of the year. Singapore-based digital asset firm QCPCapital says that while there are encouraging signs, the market could remain in a wait-and-see mode for the foreseeable future
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Fed Rate Cut Expectations Slow, Ethereum Short-Term Strategy Analysis
Fed Rate Cut Expectations Slow, Ethereum Short-Term Strategy AnalysisOn August 14th, after the release of US CPI data, rate traders reduced their expectation of a 50 basis point rate cut by the Fed at its September meeting to roughly 33 basis points, down from 37 basis points previously. This change reflects the market's lingering doubts about US inflation data
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Dormant Bitcoin Activity Triggers Crypto Market Volatility: Selling Pressure and Upward Expectations Intertwine
Dormant Bitcoin Activity Triggers Crypto Market Volatility: Selling Pressure and Upward Expectations Intertwine Recent market analysis indicates that the sudden movement of approximately $1.7 billion worth of dormant Bitcoin could intensify selling pressure in the cryptocurrency market
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Cryptocurrency Market in Turmoil: ETH ETF Launch Imminent, Institutional Funds Flow to Retail, Fed Rate Cut Expectations Heat Up
Cryptocurrency Market in Turmoil: ETH ETF Launch Imminent, Institutional Funds Flow to Retail, Fed Rate Cut Expectations Heat UpMarket Overview:The cryptocurrency market has experienced significant volatility recently, driven by factors such as the impending launch of an ETH ETF, institutional funds flowing to retail investors, and growing expectations of a Federal Reserve rate cut. Ethereum (ETH) prices have surged, propelling the entire cryptocurrency market upwards, with Bitcoin (BTC) also exhibiting positive trends
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Bitcoin Surges on Rate Cut Expectations, Altcoins Ready to Breakout?
Bitcoin Surges on Rate Cut Expectations, Altcoins Ready to Breakout?Bitcoin prices have rallied strongly over the past two days, breaking through $63,000 to set a new recent high. This volatility has sparked much discussion in the market, prompting many investors to re-evaluate the current market situation
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Bitcoin Price Analysis Amidst Rising Expectations of Fed Rate Cuts
Bitcoin Price Analysis Amidst Rising Expectations of Fed Rate CutsRecently, US economic data has fallen short of expectations. The Consumer Price Index (CPI) for June declined significantly beyond expectations, even registering a negative monthly rate for the second consecutive month
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Ethereum Price Rebounds: Spot ETF Approval Expectations Ignite Market Enthusiasm
Ethereum Price Rebounds: Spot ETF Approval Expectations Ignite Market EnthusiasmEthereum (ETH) prices surged as much as 8% over the weekend, driven by investor excitement over anticipated spot ETF approval. After dipping to $3,362, the price began climbing over the weekend and was hovering around $3,586 as of Monday European trading hours, representing a 1
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Germany Sells Bitcoin: Market Impact Gradually Slows, Bottom Bounce Expected?
Germany Sells Bitcoin: Market Impact Gradually Slows, Bottom Bounce Expected?Since June 19th, German government-related wallets have frequently transferred large amounts of Bitcoin to exchanges and market makers such as Coinbase, Kraken, and Bitstamp for sale, sparking widespread market attention. This move is considered another major factor contributing to the recent decline in Bitcoin prices after the Mt
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Binance Coin (BNB) Surges Amid Market Euphoria Over Spot Bitcoin ETF Approval Expectations
Binance Coin (BNB) Surges Amid Market Euphoria Over Spot Bitcoin ETF Approval ExpectationsThe cryptocurrency market has recently exhibited strong bullish momentum, fueled by growing anticipation surrounding the US Securities and Exchange Commission's (SEC) potential approval of spot Bitcoin exchange-traded funds (ETFs). Binance Coin (BNB), the native token of the Binance exchange, has joined the rally, demonstrating significant price gains
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Ethereum Whales Enter the Market, Pushing ETH Price to New Highs: Rate Cut Expectations, Supply Reduction and Technical Analysis
Ethereum Whales Enter the Market, Pushing ETH Price to New Highs: Rate Cut Expectations, Supply Reduction and Technical AnalysisEthereum (ETH) price surged by approximately 4.5% in the past 24 hours, hitting $3,500 on March 25th