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五百六十八。
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🚨 US Government Bitcoin Transfer Bitcoin experienced a sharp decline, briefly dropping below $59,000, after the US government moved 10,000 BTC, worth approximately $591 million, to Coinbase Prime. These funds, seized from the infamous Silk Road marketplace, mark another significant transfer by the US government. The transaction, tracked by Arkham Intelligence, follows a prior transfer of $2 billion in Bitcoin in July. This move comes amidst changing market dynamics, particularly Bitcoin's altered correlation with Germany's ETC Group Physical Bitcoin (BTCE) fund reserves. Historically, Bitcoin's price has closely followed changes in BTCE reserves, rising when reserves increased and falling during declines. However, since the launch of US spot Bitcoin ETFs in January, this pattern seems to have shifted. #EmperorMajesty #LowestCPI2021 #btcupdates2024 #MarketDownturn #BTC☀ $BTC $ETH $BNB
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🚨🚀 Solana Bull Surge A prominent crypto analyst, Kaleo, shared with his 643K followers on X that Solana (SOL) could potentially see an 850% surge before this market cycle ends. Kaleo suggests that Solana's current trajectory mirrors Ethereum's performance in late 2020, which led ETH to reach its all-time high of $4,878. He sees $1,000 per SOL as a reasonable target, with the potential for an even more significant rally. Kaleo also highlighted Avalanche (AVAX), noting that its recent price action is reminiscent of its 2021 movements, which eventually propelled AVAX to a high of $144.96. #BecomeCreator #EmperorMajesty #LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn $ETH $SOL $AVAX
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🚨 Inflation Slows! Inflation is easing, but it hasn't fallen enough for the Fed to confidently cut interest rates by 0.50%. A smaller cut of 0.25% in September seems more likely. Jerome Powell's upcoming speech at Jackson Hole will be important, as it could offer clues on the Fed’s next move. Investors will be watching closely to see if the Fed is leaning towards a larger or smaller rate cut. #LowestCPI2021 #EmperorMajesty #btcupdates2024 $BTC #MarketDownturn #SahmRule
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🚨 BTC Bullish or Bearish! Everyone's talking about BTC being bullish or bearish—Square is full of it! Let's take a look at what actually happened today. U.S. inflation data continues to provide a silver lining for the economy, with consumer prices rising by only 2.9% annually in July, falling short of expectations and signaling a potential pivot by the Federal Reserve. The latest CPI report shows a slight deceleration from June's 3.0% increase, offering further evidence of easing inflationary pressures. Month-on-month, the CPI climbed by 0.2%, rebounding from last month's dip, aligning with forecasts. The core CPI, excluding volatile components like food and energy, edged up 3.2% over the past 12 months—again, lower than anticipated—reinforcing the prospect of monetary easing. On a monthly basis, core prices increased by 0.2%, a modest uptick from June's 0.1%. This follows the recent producer price index, which also pointed to "cooling inflation", setting the stage for the "Federal Reserve to consider cutting interest rates in September". > Chair Jerome Powell has signaled that sustained favorable inflation readings will be critical in determining the Fed's next move. Meanwhile, the labor market is showing signs of strain. July's payroll report revealed slower-than-expected job growth, and the unemployment rate ticked up to 4.3%, raising concerns about the broader economic outlook. FED CUTS RATES? If the Fed cuts rates, Bitcoin might attract more investors as traditional savings become less appealing. Retail and institutional investors could see "BTC as a hedge against inflation and currency devaluation", potentially "driving up its demand and price". However, skeptics might remain cautious due to Bitcoin's inherent volatility. #CPI_DATA #EmperorMajesty #btcupdates2024 $BTC $ETH $BNB #CryptoMarketMoves #MarketDownturn
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🚨 BITCOIN UPDATE! There is significant liquidation pressure at the 72k level. BTC needs to reach that level before any further potential declines. This means if we break through the 62k level, it could serve as a new support, allowing BTC to move higher. Currently, BTC is resisting this level and needs to break through it in order to push upward. If that happens, the next target will likely be around 67k. After a gradual climb, we could see BTC reach 72k, but this outcome heavily depends on geopolitical issues and policies. This week is crucial, and we could see increased volatility. Exercise caution before making any moves. ALWAYS DYOR! #EmperorMajesty #CryptoMarketMoves #btcupdates2024 $BTC #MarketDownturn #SahmRule
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