Ignacia Brazen F1VI
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The rebound in the cryptocurrency market is mainly due to the following reasons: First, the Federal Reserve's policies and concerns about stagflation. Federal Reserve Chairman Powell announced that the target interest rate would remain unchanged, and the market anticipates that the economy may face stagflation risks, leading investors to view Bitcoin as digital gold, used to hedge against currency depreciation and inflationary pressures. Second, the implementation of the UK-US trade agreement has alleviated global trade tensions and boosted investment confidence in risk assets. Third, several US states have passed legislation allowing cryptocurrencies to be included in strategic reserves, injecting confidence into the value of cryptocurrencies. Fourth, the US stablecoin bill is about to be passed, with multiple giants entering the stablecoin market, bringing more application scenarios for cryptocurrencies.
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