đ· Bitcoin's Meteoric Rise
- Bitcoin +4.2% YTD: Traders bullish on Fedâs potential inflation victory
- Bitcoin hit $70,000 before stabilizing around $60,000
đ· Chinaâs $420 Billion Stimulus Speculation
- China could increase special sovereign bonds to $420 billion
- Economists call for fiscal stimulus to boost Chinaâs slowing economy
- Potential crypto market surge if China opens doors to digital assets
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đ· Key Insights from Experts
- Arthur Hayes (BitMex cofounder) predicts a China-America âcrypto bull marketâ
- Economists suggest Chinaâs stimulus could support low-income groups
đ· Market Watch: Jackson Hole Symposium
- Traders await Fed Chair Jerome Powellâs speech
- Anticipation of dovish tone and potential September rate cut
- FOMC July minutes hint at possible rate reductions in 2024
đ Market Risks
- Disappointment from Powellâs speech could trigger a crypto and stock market crash
- High stakes on Fedâs next moves amid U.S.'s $35 trillion debt pile
Stay tuned for updates as the market reacts to these potential game-changing events!