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#BTC
The overall broader formation .,,
(the current Megaphone/Bullhorn is the handle)
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China Extradites Mastermind Behind $14 Billion Crypto Scam in Landmark Operation
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Opportunity? Cardano prepares for 2,222% bullish wave
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𝗢𝗡𝗘 𝗠𝗔𝗦𝗦𝗜𝗩𝗘 𝗟𝗜𝗤𝗨𝗜𝗗𝗜𝗧𝗬 𝗜𝗡𝗝𝗘𝗖𝗧𝗜𝗢𝗡 𝗡𝗢 𝗢𝗡𝗘 𝗜𝗦 𝗧𝗔𝗟𝗞𝗜𝗡𝗚 𝗔𝗕𝗢𝗨𝗧 🚨 MONEY MARKET FUND ASSETS HAVE NOW REACHED A NEW ATH OF $6.24 TRILLION. WHAT IS A MONEY MARKET FUND? A MONEY MARKET FUND IS A KIND OF MUTUAL FUND THAT INVESTS IN HIGHLY LIQUID AND NEAR-TERM INSTRUMENTS LIKE CASH, CASH EQUIVALENT SECURITIES LIKE US TREASURIES. RIGHT NOW, THESE ASSETS ARE EARNING RISK FREE 5%-5.5% YIELD DUE TO HIGH INTEREST RATES BUT SOMETHING WILL CHANGE SOON THE FED WILL START RATE CUTS FROM THE NEXT MONTH IT IS EXPECTED THAT THE FED WILL DO AT LEAST 5 RATE CUTS TILL MARCH 2025 TRILLIONS OF DOLLARS SITTING INTO MONEY MARKET FUNDS WILL ENTER INTO STOCKS AND CRYPTO PUSHING THE PRICES TO NEW HIGHS
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Bitcoin (BTC) Price: #BTC 2015: ~$272 2016: ~$567 2017: ~$4,000 2018: ~$7,200 2019: ~$7,200 2020: ~$11,000 2021: ~$47,000 2022: ~$19,657 2023: ~$26,420 ------------ Vote Me: @Kri Ethereum (ETH) Price: #ETH 2015: ~$0.93 2016: ~$8.00 2017: ~$400 2018: ~$750 2019: ~$135 2020: ~$730 2021: ~$3,700 2022: ~$1,338 2023: ~$1,700
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#Bitcoin pump incoming ? If you've been paying attention to USDT.D, you already know about the inverse correlation between USDT.D and BTC. Looking at the chart, USDT.D broke down a strong trendline support and is currently testing the point of breakdown with a possible bear channel formation. Meanwhile, BTC is forming a broadening wedge which is a bulllish continuation pattern. If USDT.D continues to dump, we can expect a massive leg up in BTC, sending it to $72,000 and even higher.
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