@rezakhan1364
CoinEx News: Bitcoin experienced a sharp decline in recent days, but on-chain data suggests strong support forming between $112,000 and $113,000. New coin accumulation in this range surged from 119,838 BTC to 341,232 BTC over the past three days, indicating significant buying activity and a potential price floor as investors exchange coins. However, the crypto market remains sensitive to macroeconomic factors, particularly Federal Reserve policies. Investors should monitor Fed Chair Jerome Powell’s upcoming statements for hints on future interest rate cuts.
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