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๐บ๐ธ Odds Jerome Powell cuts rates hit 97.5%, with an 85% chance of a 25 bps cut, per Polymarket.
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The Next โExplosive Moveโ in Bitcoin Will Be Determined at This Level โ Analyst Shares. According to crypto analyst Joao Wedson, the critical level for the next explosive move in Bitcoin price has been determined. Cryptocurrency analyst Joao Wedson stated that the $117,000 level is a critical zone for Bitcoin (BTC). In his assessment, Wedson pointed out that this level was one of the points where the market tended to slow down or form local peaks in the past. โAny price above $117,000 enters a zone of strong interest and indecision. Therefore, a clear break above $118,000 would be a sign of strength,โ Wedson said. According to the analyst, both the CVDD Channel and Fibonacci-Corrected Market Average Price indicators, which have shown fairly accurate levels throughout Bitcoinโs history, are currently pointing to the same region. Wedson warned cryptocurrency followers to be careful, arguing that this zone could determine Bitcoin's next โexplosiveโ move. At the time of writing, BTC is trading at $115,609, up 4.95% in the past week. Meanwhile, Ethereum is up 8.63%, with the price trading at $4,647. $BTC
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The altcoin season has begun. ๐๐๐. ๐ The altcoin season index has risen to 84 โ its highest level this year. ๐๐ฅ This rise reflects a significant shift in liquidity from BTC to altcoins, which could open the door to a strong altcoin rally. ๐๐. $D $H $C
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How much cryptocurrency does the US government own? ๐บ๐ธThe US government now holds massive cryptocurrency reserves: ๐ฐ Bitcoin $BTC: worth $22.95 billion ๐ Ethereum $ETH: worth $803.26 million ๐This makes the United States one of the largest institutional holders of both BTC and ETH, surpassing many companies, funds, and even some countries. $UB $U $UMA
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US stocks at a new ATH. Gold is at a new ATH. Global M2 supply is at a new ATH. US national debt is at a new ATH. Bitcoin is only 7% away from a new ATH. Meanwhile, US inflation is at 2.9%, which is far off from the Fed's 2% target. Despite the asset bubble and rising inflation, the Fed is cutting rates this month. What's really going on here? $VET $ZIL $POL
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Binance founder CZ urges banks to adopt BNB. CZ_binance, founder of Binance, said: Banks need to adopt BNB, and as a small community member, I am ready to help any bank integrate it. Such a move, if it happens, will boost the institutional adoption of $BNB and open the door to wider adoption in the banking sector. $BNB # #BNBBreaksATH
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