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#CryptoRoundTableRemarks THE U.S. TREASURY PLANS TO MEET #BITCOIN AND CRYPTO KEY PLAYERS FOR A CLOSED-DOOR ROUNDTABLE THIS WEEK.
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*๐ฅ๐ CRYPTO MARKET ON THE BRINK: CPI DATA AHEAD! ๐* The crypto world is buzzing with excitement as investors eagerly await the US Consumer Price Index (CPI) data release ๐. Let's break it down in simple terms: *๐ What's Happening in the Market?* Bitcoin's value recently dipped below $102,000, causing over $730 million in liquidations across crypto markets ๐ธ. This downturn is partly due to investors taking profits before the CPI data release ๐ค. *๐ What to Expect from CPI Data?* The CPI data is expected to show a 2.4% annual inflation rate in April ๐. If the reading is softer than expected, it could boost investor confidence and drive crypto prices up ๐. On the other hand, a higher-than-expected number might strengthen the dollar and weigh on crypto prices ๐ธ. *๐ก Impact on the Crypto Market* Traders are being cautious, with some analysts seeing the current dip as a healthy correction that could enable Bitcoin to retest $105,000 later this week ๐. Institutional demand remains strong, with corporations acquiring over 157,000 BTC in 2025 ๐. *๐ What's Next?* The crypto market is on edge, waiting to see how the CPI data will affect prices. Will it be a boost or a bust? ๐ค Only time will tell! ๐๐ *Key Takeaways:* - Bitcoin's value dipped below $102,000 - CPI data expected to show 2.4% annual inflation rate - Traders are cautious ahead of CPI data release - Institutional demand for Bitcoin remains strong Stay tuned for more updates on the crypto market! #CryptoCPIWatch
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๐ก๏ธLATEST: Charles Hoskinson says #Cardano may be the first ecosystem to create a private stablecoin where users' transaction amounts & recipient addresses would be hidden from public view.
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๐บ๐ธJUST IN: New York City Mayor Adams says he wants to "make NYC the crypto capital of the globe." "I supported crypto long before any of my mayoral peers."
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JUST IN: ๐บ๐ธ SEC Chair Paul Atkins says developing a "rational regulatory framework for crypto" is a top priority for him ๐
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