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XRP just broke its July uptrend, sending shockwaves through the market — and it’s not alone. Bitcoin (BTC) is holding firm at the $120,000 resistance, while the MACD flashes red, hinting at a bearish reversal.
Traders now fear that if BTC fails to break above $120K, XRP and other altcoins could face strong selling pressure. The July rally may be coming to an end if momentum doesn’t recover soon.
📉 MACD Bearish Crossover
Bitcoin’s Moving Average Convergence Divergence (MACD) is signaling a momentum shift, making bulls nervous across the board.
💥 Will XRP recover and reclaim the trend — or is this the start of a deeper correction?
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📉 What Just Happened?
Jerome Powell — the head of the US Federal Reserve — just made waves in the financial world. While interest rates remain unchanged, the crypto market reacted immediately. Here's what you need to know:
🔹 No Rate Hike for Now:
The Fed has decided not to raise interest rates at the moment. But uncertainty remains…
🔹 Bitcoin Took a Hit:
$BTC slipped slightly after the announcement, showing the market's sensitivity to Fed signals.
🔹 Altcoins Mixed Bag:
Other cryptos like $ETH and meme coins showed mixed results — some holding strong, others pulling back.
🔹 Inflation Still a Threat:
With inflation not under control yet, expect more volatility ahead. 📊
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📈 What It Means for Traders:
⚠️ Short-Term = Uncertainty
The market may remain choppy in the coming weeks.
⏳ Long-Term = Keep Eyes on Q4
Smart money is watching for opportunities in the last part of the year.
📢 Fed Updates Are Critical
Every Jerome Powell statement now matters more than ever.
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❓Big Question for the Crypto Community:
Is Powell’s pause good for Bitcoin?
Or is crypto still the best hedge against inflation? 💸
Let us know in the comments 👇
#CryptoNews #BTC #ETH #PowellMovesMarkets #InflationWatch #CryptoStrategy #BitcoinUpdate #CryptoNews #BTC #ETH #PowellMovesMarkets #InflationWatch #CryptoStrategy #BitcoinUpdate #CryptoTraders