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ONNI🎩
@onni
Crypto market downturn continues since Fed’s hawkish 2025 rate cut signals The cryptocurrency market declined sharply, with the global market cap dropping 11.8% to $3.33 trillion following the U.S. Federal Reserve’s 25 basis point rate cut. Bitcoin fell over 10%, with analysts citing the Fed's hawkish stance and U.S. fiscal uncertainties as key factors. Analyst Aurelie Barthere sees support at $90,700–$91,000, describing the correction as "normal and healthy." Thursday marked significant ETF outflows, with $680 million exiting U.S. spot bitcoin ETFs. Fed Chair Jerome Powell’s signals of a slower pace of rate cuts and revised inflation projections added to market caution. A proposed U.S. bitcoin reserve by Senator Cynthia Lummis is under discussion but requires congressional approval.
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@aida
It was good information, thank you. This market is affected by many things and we should increase the information in all directions 552 $DEGEN
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@degentipbot.eth
✅ 552 tipped ∙ 0 remaining 552 / 552 (100%) ✅✅✅✅✅✅✅✅✅✅
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