🚨 FED CUTS INTEREST RATES BY 0.5% 🚨 $BTC surged to 61000$ | Auric Crypto News on Binance Square

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🚨 FED CUTS INTEREST RATES BY 0.5% 🚨
$BTC surged to 61000$! $ETH and $SOL are also making big moves!
Ladies and gentlemen, fasten your seatbelts. We're in for a ride! 🚀

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Bitcoin has surged to $62000 following the Fed’s 0.50% interest rate cut – the first in 4 years. This move has brought renewed optimism to the crypto markets. 📈 Over the last 12 hours, despite huge volatility, the total market cap increased by 3.22%, while 24-hour trading volume jumped by 13%, reflecting increased activity as traders reposition portfolios. Historically, $BTC has performed well during periods of loose monetary policy, and the "Fear and Greed" index has shifted from last weeks fear (31) to nearly neutral (49), signaling cautious optimism. 💡 Other major currencies are also up - $ETH surged past $2400, and $SOL is close to $140! However, while cryptocurrencies are showing confidence, traditional markets, including stocks and gold, saw mixed reactions. #FED #FOMC

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🚨 Breaking News 🚨 Reports of explosives found near the site of former President Trump’s rally in Long Island have been debunked by Nassau County Police. The rumors circulating on social media have been confirmed false, with authorities stating there is “no validity” to the claims. The person responsible for the false report is currently being detained. Meanwhile, the cryptocurrency market did not react to the news, as traders await the Federal Reserve's decision on potential interest rate cuts, set to happen in the next hour. This could be a major market mover for cryptocurrencies, especially major ones like $BTC and $ETH 📢 Stay tuned for updates! 📊 #Car #Trump #Debunked #BreakingNews

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Crypto Arbitrage Trading: Is It Really a Path to Easy Profits?💸 Arbitrage trading sounds like an easy win – buying crypto on one exchange and selling it higher on another, pocketing the difference. But there's more to it than that. 🤔 Arbitrage happens because prices across markets can differ due to inefficiencies. However, profits are often slim and competition is fierce. Many traders use bots to detect these gaps and execute trades instantly, so you'll need speed! 🚀 ⚠️ The challenges? Fees (like taker and transfer fees), lightning-fast market changes, and competition from bots. Smaller exchanges might offer better opportunities due to low liquidity, but fees can still eat into your gains. While arbitrage exists in stocks, FIAT currencies and even sports betting, it's far from a quick money-making scheme for most people. So, is it worth the hustle? Maybe, but it requires skill, speed, and strategy. 💡 #Arbitrage #arbitragetrading $BTC $SHIB $DOGS

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Is $LSK ready for a comeback in 2024? 📉 Lisk has faced a rough journey, down 98% from its 2018 ATH. Despite some recent growth, it’s still 3x down from March peaks. 🔎 Technical Indicators -RSI: Hovering around neutral, no strong uptrend -SMA/EMA: Stabilized after long bearish trend -MACD: Negative values, signaling bearish momentum -AO: Red readings, further dampering hopes of recovery Community engagement is low, with only a handful of posts about Lisk on social media. However, recent developments, like LSK launch on $UNI show the team’s efforts to push forward. The upcoming FED interest rate decision might temporarily boost cryptocurrency markets, including Lisk. However, the circumstances are not promising for those hoping for a return to ATH. The lack of broad community support and technical indicators paint a rather dull picture. #LSK #Lisk

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🧩 3 Modular Cryptocurrencies Making Big Moves Today! 📈 Dymension (DYM) Dymension connects users to modular RollApps with lightning-fast speeds. Using Delegated Proof-of-Stake, it’s addressing blockchain scaling issues. $DYM is up 22% today, but still down over 80% from its all-time high. 📈 Celestia (TIA) Celestia focuses on transaction scalability, separating consensus and execution layers 🧩. Its unique Data Availability Sampling ensures fast verification. $TIA is up 15%, but still 75% below its peak. 📈 Manta Network (MANTA) Manta’s modular Web3 ecosystem lets users build decentralized apps with lower costs and faster speeds. $MANTA is up 9.5%, but like the others, it’s significantly down from its ATH. 🧩 Are modular blockchains the future? By splitting blockchain tasks into separate layers, modular chains boost scalability, speed, and efficiency. Developers can optimize each layer for specific functions, making dApps faster and more cost-effective. As adoption grows, modular blockchains could revolutionize the crypto space, but their long-term success remains to be seen. Despite recent growth, each of these coins is still down over 70% since February. This shows that after initial excitement, investors are being cautious. 🌐

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