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Pi

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The anticipated U.S. Federal Reserve interest rate cut on December 18, 2024, is likely to have significant effects on the cryptocurrency market. A 25 basis point reduction, lowering the federal funds rate to a range of 4.25%–4.50%, could lead to the following potential impacts: 1. Increased Risk Appetite: With lower interest rates, investors often look for higher returns, and cryptocurrencies may become an attractive alternative to traditional investments like bonds or savings accounts. This shift could boost demand for digital assets, driving up their prices. 2. Market Volatility: The announcement itself could trigger short-term price fluctuations in cryptocurrencies as investors quickly adjust their portfolios in response to the change in monetary policy. 3. Impact on Stablecoin Issuers: Stablecoin issuers, who often back their assets with U.S. Treasuries, may face lower returns on their holdings due to the rate cut, potentially impacting the stability and operations of these coins. Despite these potential benefits, broader factors such as regulatory changes, technological progress, and macroeconomic conditions will also influence the cryptocurrency market's direction. #BTCNewATHAgain #BTCNewATH

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🚨🎗️Pi Network’s Live Price is Above $42.34. Is this Next BTC?🎗️🚨 🚨💥Huge Update💥🚨 As of October 2024, the live price of Pi Network Coin (PI) has risen above $42.34, currently trading at approximately $43.49, reflecting a recent upward trend of over 3% in the last 24 hours. This surge follows the growing attention surrounding Pi Network as it continues to attract interest despite being relatively new to public trading. However, Pi’s token supply remains a topic of uncertainty. The circulating supply of Pi is currently reported as zero, and the total supply is yet to be publicly disclosed. This lack of clarity raises questions about the network’s market cap and the broader implications for investors looking to assess Pi’s long-term value. The project claims a maximum supply cap of 100 billion Pi coins, but the lack of official figures on circulating supply complicates accurate valuation. The Pi Network, originally launched as a mobile app allowing users to "mine" the cryptocurrency, has garnered millions of users globally. Still, it is in the testing phase, with its full potential yet to be realized. The scarcity of public information on its total or circulating supply leaves many in the crypto community speculating on its future role in decentralized finance. Overall, while Pi's price shows promising growth, investors should proceed with caution until more transparency on its tokenomics is provided. #moonbix #SCRLaunchpoolStarts! #BTC60KResistance #USCoreCPIUp #USRateCutExpected

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Ratan Tata, the iconic Indian industrialist and former chairman of Tata Sons, has passed away at the age of 86.

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