💥The Federal Reserve just dropped a nuclear bomb on cryptocurrency! The market is bleeding!💥
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Last night, the cryptocurrency world went crazy, and it is crucial to understand what happened. The Federal Reserve's announcement triggered massive panic, leading to over $300 million in leveraged orders being liquidated within just one hour.😯
Here are the key points from the Federal Reserve's announcement:
- Jerome Powell's statement: The Federal Reserve does not allow the holding of Bitcoin, and any decision by the U.S. government must be made by Congress.😌
- Monetary policy: Despite lowering interest rates, the Federal Reserve will continue to reduce public bonds and tighten the money supply.😎💸
- Economic forecast: Powell predicts that 2025 will be a great economic year, and we have avoided a recession.
The market reacted strongly, with altcoins experiencing significant losses. However, it is worth noting Powell's optimistic outlook for 2025, combined with Trump's potential presidential term and his support for Bitcoin, which could lead to massive growth in cryptocurrency.🌟
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