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Here's the latest Bitcoin news: Bitcoin's price slightly recovered to trade around $94,700 after declining nearly 6% earlier this week ¹. Analysts believe it may enter a long-term high-volatility market, with some predicting a rally until President-elect Donald Trump's inauguration on January 20 ¹.$BTC
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The release of the U.S. December non-farm payrolls data is expected to significantly impact the crypto market, particularly Bitcoin. Forecasts predict a slowdown in job growth, with 153K new jobs, down from November's figures. This report will influence market sentiment, potentially fueling a Bitcoin rally if the data misses expectations, or pressuring Bitcoin if the payroll data exceeds expectations ¹.#NFPCryptoImpact
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On-chain lending refers to the practice of lending and borrowing cryptocurrencies and other digital assets directly on a blockchain network. This approach eliminates the need for intermediaries, such as banks and other financial institutions.#OnChainLendingSurge
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Here are some notable coin pair updates: - *Bitcoin (BTC) Price*: Bitcoin's price has dropped 4.47% in the last 24 hours, currently trading at $97,488.00 ¹. - *Ethereum (ETH) Price*: Ethereum's price has decreased by 6.32% in the last 24 hours, currently trading at $3,464.30 ¹. - *Sui (SUI) Price*: Sui's price has increased by 0.23% in the$BNB
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The crypto market is experiencing a significant downturn today, with a 7.9% drop in the last 24 hours ¹. This decline has affected almost all major cryptocurrencies, including Bitcoin, Ethereum, and XRP. Several factors are contributing to this market correction, including: - *US Market Downturn*: The US market, particularly the S&P 500 index, experienced a significant drop, which has had a ripple effect on the crypto market ¹. - *Strengthening US Dollar*: The US dollar has strengthened against major currencies, making cryptocurrencies more expensive for investors holding other currencies ¹. - *Hawkish Fed Fears*: The market is reacting to concerns about the US Federal Reserve's potential hawkish stance, which could lead to higher interest rates and reduced liquidity#CryptoMarketDip
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