đ Bitcoin's Wild Ride: From Roller Coaster to Rocket Ship! đ
On Aug. 12, Bitcoin (BTC) took traders on a thrilling ride, plunging 3.2% to $57,844 before rocketing up 5% to $60,700âall within an hour! This wild swing came after a US Fed Governor's comments stirred the economic pot, also boosting gold prices close to their all-time high.
đ Key Points:
- Traders are eyeing a potential retest of the $49,248 low.
- JPMorgan ups recession odds to 35% for 2024.
- Fed's stance on interest rates keeps investors on edge.
đŹ What do you think? Will Bitcoin soar or stumble next? Drop your thoughts below! đ
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