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🗣️Fed member Collins: •Keeping interest rates constant for a longer period of time will slow down the economy. •The economy is strong and the labor market is stabilizing. •It is too early to understand how restrictive monetary policy is.

🗣️Fed member Collins:

•Keeping interest rates constant for a longer period of time will slow down the economy.

•The economy is strong and the labor market is stabilizing.

•It is too early to understand how restrictive monetary policy is.

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El Salvador Launches Dedicated Website for $360 Million Bitcoin Reserve. El Salvador has launched a new online platform to track its Bitcoin-related investments and increase transparency in this area. This platform aims to provide full transparency on transactions by disclosing the country's Bitcoin investments to the public. The Bitcoin Office, established by the Salvadoran state and dedicated to overseeing Bitcoin projects, is spearheading this initiative. This new platform will make El Salvador's #Bitcoin treasury data publicly accessible, using a private memory pool. This will provide greater clarity and accountability around the government's cryptocurrency investments and spending. In the announcement made by El Salvador's #Bitcoin Office, it was stated that a new mempool platform has been launched where anyone can audit El Salvador's Bitcoin treasury assets. This step aims to increase transparency in the country's financial transactions. According to the official website, El Salvador currently holds 5,748.76 BTC worth $352.8 million. This platform also closely tracks the government's purchase of Bitcoin and shows the latest additions. For example, it was stated that 31 #BTC was purchased last month and an additional 7 BTC was purchased the previous week. With this new initiative, El Salvador is on its way to becoming a global leader by adopting Bitcoin and blockchain technology. Some experts predict that these steps could make El Salvador among the richest and most innovative countries in the world in the long run. $BTC
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A Fall May Be Coming to Dogecoin (DOGE)! Current Data on DOGE! While DOGE's price has increased by 7% in the last 24 hours, it continues to follow the negative-dominated sentiment. At the time of writing, the token's weighted sentiment returns -0.404. This metric has been returning a negative value since May 5. A token's weighted sentiment measures the overall market sentiment surrounding it. The specified metric enhances simple positive and negative emotions by considering the importance of each emotion mentioned. When it returns a negative value, the token's market experiences negative emotions. Therefore, its price is expected to decrease. Contrary to the assumption, when the value is positive, the bulls are in control. The downward trend in the DOGE market is also confirmed by the fact that futures market open positions on exchanges have been in a downward trend since May 8. This rate, which was at $9.83 billion at the time of writing, has fallen by 7% since then. DOGE's futures open position refers to the total number of futures contracts that have not yet been settled or closed. Such a decrease may indicate that the number of market participants exiting their positions without opening new positions has increased. As observed on the weekly chart, the SAR indicator remains above its price, indicating the possibility of a break below this level. This indicator is used to identify potential trend direction and reversals. When dotted lines are placed above the price of a token, the market is said to be declining. It shows that the price of the altcoin has fallen and may continue. If these bearish predictions continue, the value of the meme token may fall below $0.1 and find support at $0.08. The widening gap between the upper and lower bands of the Bollinger Bands indicator indicates increased market volatility, increasing the risk of significant price fluctuation. However, if the bulls regain control and DOGE's price enters an uptrend, it could start a rise towards the $0.17 resistance. $BTC $DOGE
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El Salvador opened a website where Bitcoin reserves can be tracked. #ElSalvador opened a website where Bitcoin reserves can be tracked. El Salvador became the first country to accept Bitcoin as its official currency in 2021 and currently holds more than 5,700 BTC. El Salvador has launched its own proof-of-reserve website, offering a variety of tools to track the country's Bitcoin reserves using on-chain data. El Salvador's online #Bitcoin treasury provides real-time data on the country's Bitcoin reserves. As of May 13, 2024, El Salvador officially holds 5,748 BTC worth approximately $360 million. According to the website, El Salvador purchased 7 BTC worth over $438,000 last week, while adding 31 BTC worth a total of $1.94 million in the last 30 days. These purchases aim to purchase 1 Bitcoin per day for El Salvador's treasury. El Salvador became the first country to accept Bitcoin as its official currency in September 2021. The government aims to increase financial inclusion, facilitate more efficient remittance payments and encourage financial innovation. President Nayib Bukele's decision came under widespread criticism after Bitcoin fell from its previous all-time high of $69,000 after the FTX exchange crash in November 2021. El Salvador's Bitcoin holdings lost significant value after Bitcoin fell as low as $16,000 during the bear market. El Salvador has $57 million in unrealized Bitcoin profits El Salvador has been dollar cost averaging on Bitcoin with an average purchase price of $43,097 per BTC since 2021. With Bitcoin currently trading above $62,000, El Salvador appears to have an unrealized profit of over $57.4 million on Bitcoin assets, according to the Nayib Bukele Portfolio Tracker website. Prominent venture capitalist Tim Draper told Cointelegraph that El Salvador's Bitcoin assets could be a significant lifesaver for the country. According to Draper, if the Bitcoin price reaches $100,000, El Salvador could soon achieve financial independence and pay its debts to the International Monetary Fund (IMF). $BTC $ETH $BNB
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