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Welcome to Blum! 🎉🎉🎉 At Blum, we are building a decentralized exchange in Telegram, specializing in trading memecoins and new tokens. We feature a unique memepad for launching new meme-based projects and incorporate gamified mechanics to enhance user engagement. Here’s what you can do with Blum now: 💯 Farm Blum Points: Play our Drop game to earn Blum Points (BPs) 🧑 Invite Friends: Bring your friends and family for more BPs! More friends = more BPs 🥊 Complete Quests: Finish tasks to rack up even more BPs! Start farming points now, and who knows what cool stuff you'll snag with them soon! 🚀 Stay Blum! 🌟https://t.me/blum/app?startapp=ref_1qt5W81raz #CATIonBinance #moonbix #Binance

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The Bitcoin (BTC) price rejected strong resistance in the form of its 50DM around $61,300 on Thursday, subsequently falling back to around $64,000, despite new economic data coming out that pushes back on the idea that the US economy is nearing a recession. As the Service Sector continues to expand in the United States, the potential to steer clear of a recession remains promising. Today, the service PMI once again registered at 55.It remains imperative for the US Consumer to sustain their spending habits, as any deviation from… pic.twitter.com/ISOwQbFBdE — Andrea Lisi, CFA (@Andrea_Texas_82) September 17, 2024 But Fed Chair Jerome Powell is expected to signal an incoming series of interest rate cuts beginning next month in a speech tomorrow. Could this send the Bitcoin price vaulting higher? Will Powell Send the Bitcoin Price Surging? Fed Chair Jerome Powell is expected to signal the start of a series of 25 bps rate cuts starting next month at tomorrow’s Jackson Hole speech. Given that market’s are currently pricing in a modest 25% probability of 50bps rate cut next month, that could be a marginal disappointment to some traders betting on bigger and faster rate cuts. The Bitcoin price could therefore see some marginal downside as bets on a 50bps rate cut are wound down. But the size of the September rate cut won’t be the main point of focus. Rather, the Fed’s longer-term plans will be. I.e. how far and fast will the Fed cut interest rates in the coming years. Markets are currently pricing around 125bps worth of easing by the end of 2025, per CME data . Powell’s remarks will be closely watched as they could impact these longer-term expectations. Even if these longer-term expectations remains un-impacted, the fact that a Fed rate cutting cycle is incoming is likely to still be $ That’s because lower interest rates mean more liquidity in the economy and financial markets. $BTC #Token2049 #BinanceLaunchpoolHMSTR #FOMC #binance

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