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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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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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Dogecoin (DOGE) at a Crossroads: Breaking the Downtrend Line or Falling Below Support?
Dogecoin (DOGE) at a Crossroads: Breaking the Downtrend Line or Falling Below Support?Dogecoin (DOGE) is at a crucial point after encountering resistance at the $0.09149 level
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Ethereum Whales Remain Silent, Price Stalls, Could ETH Drop to $2,278?
Ethereum Whales Remain Silent, Price Stalls, Could ETH Drop to $2,278?Ethereum whales have been silent since July, with their reduced buying activity leading to a stagnant ETH price. Despite an upsurge in Ethereum network growth on Sunday to 126,000, a four-month high, it has since declined, suggesting potential for a short-term price dip
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Bitcoin Rebounds to $58,000: Dead Cat Bounce or True Rally?
Bitcoin Rebounds to $58,000: Dead Cat Bounce or True Rally?Bitcoin (BTC) has recently experienced a period of weakness, falling below $53,000. However, today (October 10th) it surged back above $58,000, reaching $56,822 at the time of writing, representing a 3
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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
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Bitcoin Rebounds Above $57,000 as Wall Street Rally Lifts Crypto Market
Bitcoin Rebounds Above $57,000 as Wall Street Rally Lifts Crypto MarketBitcoin surged above $57,000 after Wall Street rebounded from its worst week of the year. The flagship cryptocurrency rose 5
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ETH/BTC Rate Falls Below April 2021 Low, Down 44% Since the Merge
ETH/BTC Rate Falls Below April 2021 Low, Down 44% Since the MergeCryptoQuant, a crypto analytics platform, reported on social media that the ETH/BTC rate has fallen by 44% since the Ethereum Merge in September 2022. The ETH/BTC rate is currently at 0
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Bitcoin Could Dip Below $50,000: Falling Volume, ETF Outflows, and Historical Data Hint at Correction
Bitcoin Could Dip Below $50,000: Falling Volume, ETF Outflows, and Historical Data Hint at CorrectionBitcoin has been facing multiple headwinds recently, with declining trading volume, slowing ETF inflows, and historical data suggesting a potential correction in September, potentially pushing the cryptocurrency below the critical psychological level of $50,000.Cyrus Ip, Head of Content at Bybit exchange, stated that while the current market conditions suggest minimal resistance to a pullback below $50,000, new catalysts or headlines could rapidly shift market sentiment, especially in a low-liquidity environment
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Bitcoin's price decline sparks market concern, risk assets fall across the board
Bitcoin's price decline sparks market concern, risk assets fall across the boardBitcoin recently hit a one-month low, fueling market anxieties and leading to a widespread decline in global risk assets. The cryptocurrency plunged over 4% at one point before recovering slightly
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The Cryptocurrency Market Plunges, Bitcoin Falls Below $57,000, Can a Fed Rate Cut Save the Day?
The Cryptocurrency Market Plunges, Bitcoin Falls Below $57,000, Can a Fed Rate Cut Save the Day?The cryptocurrency market has gotten off to a rough start, with the total value plunging nearly $200 billion in the past 24 hours to around $2.03 trillion