đ BTC Demand Skyrockets as Fed Hints at Lower Rates! đ
Aug 24, 2024, 15:40 GMT+5
Bitcoin is experiencing a surge in interest in the U.S., hitting a 39-day high as the Federal Reserve hints at potential interest rate cuts. This spike in demand follows Fed signals suggesting a possible shift to lower rates.
On August 23, the Coinbase Premium Indexâtracking Bitcoin's price difference between Coinbase Pro and Binanceâsoared to 0.0114, its highest since mid-July. This surge indicates robust U.S. investor interest, outpacing global demand.
The timing coincides with Fed Chair Jerome Powellâs Jackson Hole symposium remarks, hinting at upcoming policy shifts. The potential for rate cuts is igniting optimism among Bitcoin enthusiasts.
đ Major Bitcoin Breakout Ahead?
Crypto analyst Ali Martinez notes that Bitcoinâs bull-bear market indicator is transitioning from bearish to bullish. His recent chart highlights a key metric turning bullish after a phase of indecisionâoften a precursor to significant Bitcoin rallies.
Are we on the brink of the next big Bitcoin surge? Stay tuned and watch this space!
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