kryptqnick
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Today at 06:23:09 AM |
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I first saw this news here, but my first thought was that perhaps the Fed has made its move. From articles I've read, it seems I was right. The Fed lowered the rate by 0.5%, and when the rate gets lowered, investors are motivated to buy shares, the stock market tends to recover. Since Bitcoin ETFs are close in their nature to the stock market, it makes sense that there's been a major inflow of money this week. BTC price is also up by almost 5% over the last 7 days. It's all good news, but also highly dependent on the Fed.
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