
𝐄𝐃𝐈𝐙
49 posts



After climbing back up to 65k this past weekend, bitcoin dropped nearly 10% down to 59k. Altcoins quickly followed The cause of the pullback is unclear, especially after last week's optimism following Federal Reserve chair Jerome Powell's remarks at Jackson Hole. Powell indicated that the Fed might cut interest rates in September if inflation continues to decrease. Cryptocurrencies like Bitcoin generally perform better in low-interest-rate environments, which would be welcome news for investors after Bitcoin's recent volatility since hitting its all-time high of around $73,000 in March. Read more on the market → gemini.com/blog/stablecoi…

Which is more likely: #BTC

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