Bitcoin surged nearly $2,000, trading close to $113,000, as the Federal Reserve is widely expected to reduce interest rates to 4.00%, signaling a major policy shift. This anticipated easing aims to balance slowing inflation and economic growth uncertainty. Market participants await Fed Chair Jerome Powell's remarks for clues on future monetary steps. Technically, Bitcoin is testing crucial resistance levels around $115,000, with potential breakouts targeting $120,500 and beyond. Meanwhile, Bitcoin Hyper emerges as a Layer 2 solution on Solana, combining Bitcoin's security with Solana's speed, heralding a new frontier for BTC-based decentralized applications and smart contracts.
Continue to read Bitcoin Rockets Amid FED Rate Cut Anticipation: Technical Outlook & Bitcoin Hyper Innovation
Bitcoin surged nearly $2,000, trading close to $113,000, as the Federal Reserve is widely expected to reduce interest rates to 4.00%, signaling a major policy shift. This anticipated easing aims to balance slowing inflation and economic growth uncertainty. Market participants await Fed Chair Jerome Powell's remarks for clues on future monetary steps. Technically, Bitcoin is testing crucial resistance levels around $115,000, with potential breakouts targeting $120,500 and beyond. Meanwhile, Bitcoin Hyper emerges as a Layer 2 solution on Solana, combining Bitcoin's security with Solana's speed, heralding a new frontier for BTC-based decentralized applications and smart contracts.
Continue to read Bitcoin Rockets Amid FED Rate Cut Anticipation: Technical Outlook & Bitcoin Hyper Innovation
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