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An address presumed to belong to crypto financial services firm Galaxy Digital withdrew 7,098 ETH, valued at $19.42 million, from Binance approximately 11 hours ago, according to The Data Nerd. Withdrawals from exchanges are generally interpreted as a sign of intent to hold.
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Shock Fed warning on stagflation Bitcoin, altcoins could come under pressure after the Federal Reserve chairman Jerome Powell warned that Trump’s tariffs will likely lead to higher inflation and slower growth for the U.S. economy.
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