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Shapiro Wilk
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Yesterday, the crypto market experienced a pullback of 11.64%, equivalent to $316 billion of the total market value, and managed to bounce back by 6.39%. The crypto fear and greed index still remains above 80, indicating that investors' sentiment is extremely greedy despite the recent turmoil. This only shows that the bulls are still managing to overtake the bears in the coming days and weeks until the anticipated event occurs - the Bitcoin Halving. #HotTrends #BTC #DOGE #NEAR #HalvingHorizons

Yesterday, the crypto market experienced a pullback of 11.64%, equivalent to $316 billion of the total market value, and managed to bounce back by 6.39%. The crypto fear and greed index still remains above 80, indicating that investors' sentiment is extremely greedy despite the recent turmoil. This only shows that the bulls are still managing to overtake the bears in the coming days and weeks until the anticipated event occurs - the Bitcoin Halving.

#HotTrends

#BTC #DOGE #NEAR #HalvingHorizons

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Core Inflation Rate YoY ahead of FOMC Minutes Release: What It Means for Crypto? Today marks a significant day for both traditional and crypto markets as investors eagerly await two key events: the release of the FOMC minutes and the announcement of the Core Inflation Rate Year-on-Year (YoY). The FOMC minutes offer insights into the Federal Reserve's recent discussions and decisions, providing crucial clues about future monetary policy directions. Meanwhile, all eyes are on the Core Inflation Rate YoY, with the previous figure standing at 3.2% and the forecast at 3.4%. The implications of these events for the crypto market are multifaceted. Firstly, any hints of a shift in the Fed's monetary policy stance, such as discussions about tapering or raising interest rates, could impact investor sentiment across all asset classes, including cryptocurrencies. Secondly, a higher-than-expected Core Inflation Rate YoY could fuel concerns about rising prices and potentially lead to increased demand for inflation-hedging assets like Bitcoin and other cryptocurrencies, which are often viewed as a store of value in times of economic uncertainty. Conversely, if the Core Inflation Rate YoY comes in lower than expected, it may temporarily alleviate inflation fears, leading investors to reevaluate their portfolio allocations, including their exposure to cryptocurrencies. Overall, the interplay between the FOMC minutes and the Core Inflation Rate YoY will likely shape market sentiment and influence trading decisions in the crypto space. Investors should closely monitor these developments and be prepared to adapt their strategies accordingly in response to any market-moving news. $BTC $NEAR $TIA
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