Bitcoin's Demand Soars: Could the Next Big Bull Run Be on the Horizon?
As the U.S. Federal Reserve hints at cutting interest rates, Bitcoin demand in the United States has hit a 39-day high! On August 23, the Coinbase Premium Index spiked to levels unseen since mid-July, showing that U.S. investors are piling into Bitcoin like never before.
Fed Chair Jerome Powell's remarks at the Jackson Hole symposium have sparked excitement, with the possibility of lower rates fueling fresh optimism in the crypto market. But thatâs not allâCrypto analyst Ali Martinez has detected a shift back to bullish sentiment, indicating we could be on the verge of a major Bitcoin breakout.
Are we about to witness the next big bull run? Keep an eye on the markets and stay ready!
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