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Scheduled for release today, the December FOMC Minutes are expected to rattle the market further. Experts emphasize that economic indicators like labor market data will play a pivotal role in shaping investor sentiment, making this a crucial week for traders.
The cryptocurrency market has been shaken by a dramatic crash, leaving investors on edge as $712 million in liquidations amplify the turmoil. Bitcoin, which recently broke the $100,000 barrier, is now under intense pressure after a sharp pullback. Concerns over upcoming economic events, including the release of the Federal Reserve’s FOMC Minutes and U.S. job data, have added to the market’s uncertainty. Analysts caution that Bitcoin’s trajectory could worsen if it fails to hold the critical $95,668 support level.
Dogecoin is a cryptocurrency that has risen in recent years, developed in 2013 in response to the popular “Doge” meme, which features a Shiba Inu. Dogecoin mining involves using computer power to solve challenging puzzles, verify transactions and earn Dogecoin as a reward. It is known for having a strong, encouraging community and low transaction fees.