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#MarketSentimentToday According to Odaily, a recent survey by Bank of America reveals that the proportion of investors expecting a weaker dollar has nearly doubled over the past month as the market braces for potential Federal Reserve rate cuts. The bank's monthly sentiment survey indicates that approximately 23% of respondents are most confident in shorting the dollar, marking the highest percentage this year, up from 8% in July. While the dollar has outperformed most G10 currencies this year, its upward trend has faltered in the past month due to data suggesting a slowdown in the U.S. economy, leading traders to bet on significant rate cuts by the Federal Reserve.
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#MarketSentimentToday According to Foresight News, Grayscale has announced that its Grayscale Sui Trust is now open to qualified investors. As of August 8, 2024, the net asset value per share of the Grayscale Sui Trust stands at $11.42, with a management fee of 2.50%.
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$BTC BULLISH MARKET STRUCTURE FOR BTC
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According to Odaily, the official website of the City of Santa Monica, California, has introduced a new section called the 'Bitcoin Office.' This initiative aims to seek and promote partnerships within the Bitcoin industry to support the city's economic recovery and create new job opportunities. The City of Santa Monica has collaborated with Proof of Workforce to discuss and consider various aspects of Bitcoin, including mining, investment, and education. It is important to note that these discussions and considerations should not be interpreted as financial or investment advice. #BTC
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