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Rate cut expectations ignite bitcoin enthusiasm! The net inflow of funds into spot ETF exceeded $0.25 billion, reaching the highest level in over a month.
The signal of interest rate cut prompted an influx of $0.252 billion into more than a dozen US spot bitcoin ETFs. Cici Lu McCalman, founder of blockchain consulting firm Venn Link Partners, said all eyes are on the Federal Reserve and the interest rate cut in September may boost bitcoin.
Bitcoin, Ethereum, Dogecoin Hold On To Gains Made After Fed's Rate Cut Signal: Analyst Sees No 'Significant' Resistance For King Crypto Until $85K
Bitcoin Could Hit New All-Time High In Next Two Weeks If This Key Level Breaks, Says Top Analyst
Bitcoin Set to Rise on Weekly Basis as Powell Hints at Start of Rate Cuts
Bitcoin ETFs Extend Inflow Streak To 6 Days Ahead Of Fed Speech: Here's What Powell Needs To Say To 'Fuel Strong Bullish Momentum'
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