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BossJM6215
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Hamza Traders Official
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$BTC Bitcoin scenario in the United States is marked by divergent positions between the federal government, the Federal Reserve (Fed) and large financial institutions such as BlackRock. With the election of Donald Trump, there was a significant increase in the value of Bitcoin, which surpassed 100,000 dollars. Trump announced the creation of a strategic Bitcoin reserve for the United States, aiming to diversify national assets, similar to gold and foreign exchange reserves. This proposal includes the incorporation of cryptocurrencies previously confiscated by the government, such as the Bitcoins from the Silk Road case. In addition, Senator Cynthia Lummis introduced the "Bitcoin Act of 2024", suggesting that the Treasury and the Fed acquire 200,000 Bitcoins annually for five years.
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#NFPCryptoImpact The Non-Farm Payroll (NFP) data, which measures job growth in the U.S. excluding agricultural workers, has a notable impact on the cryptocurrency market. When the NFP data shows strong job growth, it often boosts investor confidence in the U.S. economy, leading to a stronger dollar. This can result in a decrease in cryptocurrency prices as investors move towards traditional investments. Conversely, if the NFP data indicates weak job growth or job losses, it can signal economic uncertainty, prompting investors to seek safe-haven assets like cryptocurrencies, potentially driving up their prices. The market's reaction to NFP data highlights the complexity and unpredictability of the cryptocurrency market, emphasizing the need for diligent analysis and monitoring of economic indicators when predicting price movements.
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2023
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Ok
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