@nilecapital
🚀 Fed Rate Cut Fuels Bitcoin Rally! 🔥
Bitcoin is now trading at $63,270, up 6.06% in just 24 hours. Trading volume has jumped 40%! 📈
The recent 50 basis point Fed rate cut has sparked optimism, increasing liquidity and risk appetite.
Data from CryptoQuant shows low long-term holder movement, suggesting reduced selling pressure.
Strong buying from US and Korean investors continues. High short liquidations hint at market strength despite some lingering anxiety.
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