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JP Morgan bought $625,000 worth of Bitcoin
⏪ Their CEO called Bitcoin a scam 2 weeks ago
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The US Federal Reserve will begin cutting interest rates in a few weeks, and the main question now is how big the first cut will be. US monthly employment data due on Friday will likely determine the answer. $BTC
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Wall Street has more control over #Bitcoin❗ price after the introduction of ETFs, per hedge fund manager Mark Yusko. He argues that institutions are dumping the price by shorting Bitcoin in futures markets, a common tactic used for price manipulation. I don't know why retails not satisfied Bitcoin price now and Etf's ? Remember the time when everyone screamed around. these institutions are just now starting to understand bitcoin, when they accept ETF we will fly to the moon over 200-300k per btc, and everyone who hodl, bitcoin will dump their bags on old noobs from wall street! What could go wrong right?) $BTC
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$ORDI Price Prediction. Ordinals Updates #ordi
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US Macroeconomic Data in Focus for the Market Important economic data from the US this week could significantly impact the correlation between the Dollar Index (DXY) and Bitcoin. Federal Reserve Chairman Jerome Powell's upcoming speech, along with Friday's labor market statistics, are set to influence the dollar's future trajectory. On Friday, August 6, at 3:30 PM, critical figures for Nonfarm Payrolls and unemployment rates will be released, both of which are major market influencers. A continued weakening of the dollar could provide a supportive environment for Bitcoin and other high-risk assets to grow. However, if the dollar gains strength, it might apply downward pressure on the crypto market, prompting investors to seek safer investments. $BTC
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Mysten Labs has opened pre-orders for the SuiPlay0X1, a handheld Web3 gaming console created in partnership with gaming startup Playtron. Powered by the Sui blockchain GameFi sector easiest way for mass adoption $SUI
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