*Bitcoin's Rise*: Bitcoin has seen a meteoric rise, increasing by 4.2% YTD and hitting $70,000 before stabilizing around $60,000. Traders are bullish on the Fed's potential inflation victory.

*China's Stimulus*: China is speculated to increase special sovereign bonds to $420 billion, which could boost its slowing economy. This could potentially lead to a crypto market surge if China opens doors to digital assets.

*Expert Insights*: Arthur Hayes, BitMex cofounder, predicts a China-America "crypto bull market." Economists suggest China's stimulus could support low-income groups.

*Market Watch*: Traders await Fed Chair Jerome Powell's speech at the Jackson Hole Symposium, anticipating a dovish tone and potential September rate cut. FOMC July minutes hint at possible rate reductions in 2024.

*Market Risks*: Disappointment from Powell's speech could trigger a crypto and stock market crash. High stakes on Fed's next moves amid U.S.'s $35 trillion debt pile.

Stay tuned for updates as the market reacts to these potential game-changing events!

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