💰 Bitcoin stabilizes near $111,000
Despite rising expectations of a reduction in US interest rates, Bitcoin remained stable around $111,000 with a decline in momentum after dropping more than 6% last month from its peak above $124,000.
📊 Key developments:
The Fed is likely to cut interest rates by 25–50 basis points.
The Japanese company Metaplanet adds 136 Bitcoin to its portfolio (total holdings 20,136 BTC).
Alternative coins are rising: Ethereum $4,300 (+0.4%), XRP (+2.2%), Solana (+2.5%).
Dogecoin jumps 7.2%.
👀 Eyes are on the upcoming US inflation reports that may determine the Fed's decision.
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