2024-09-15 04:21:22

#The Fed’s Rate Cut: Will the Crypto Market See a Surge?

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Winwin8

· 2024-09-15 05:45

Golden Finance reported that BTC (BTC) performed steadily in September, with a pump of nearly 13% in the past week. encryption analyst Burak Kesmeci pointed out that the increase in new BTC Address is an important indicator for PA. The recent number of new Addresses reached 330,000, close to the critical threshold of 350,000. Kesmeci explained that when the number of new Addresses exceeds 350,000, it indicates an increase in long positions in the market and the potential for a pump in price movement; if it is below this threshold, it may enter an adjustment or Bear Market. Kesmeci also pointed out that if the number of new Addresses reaches or exceeds 350,000 in the future, especially after the next week's Fed meeting, BTC investors may usher in a "golden time". However, the rise of BTC spot ETF may affect the rise of the network, as ETFs may hold BTC in concentration, reducing the generation of new Addresses. The current BTC trading price is $60,395, with a 24-hour pump of 4.31%, but volume decreased by 9.35%. #BTC#

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GateUser-21e42182

· 2024-09-15 05:16

#Btc moves depending on the increase or decrease in tension in the world. A possible interest rate cut by the U.S. will give btc an upward momentum. One

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