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Trending Industry Today: MicroStrategy Leads Gains In Crypto Stocks
After the release of CPI data, bitcoin had a strong rise to $0.058 million! What are the market impacts?
Experts predict that these data may affect the Fed's interest rate decision, and the likelihood of a substantial rate cut at the next meeting is very low.
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Will the market rebound and recover in the next few months?
US stocks and the cryptocurrency market continue to rebound, with bitcoin building momentum below $0.06 million and altcoins following suit.
The BTC market gradually saw a long position lurking in these three cryptocurrencies, which soared 100 times after the interest rate cut.
Now, the pancake has stabilized at 58,000, what should we expect for the next market trend?
Bitcoin and Dogecoin experienced a sharp rebound in the market after a "heavy signal" from Elon Musk attracted over 46 million in traffic.
On Friday (September 13), bitcoin oscillated around the $58,000 level after reaching a high, with bulls holding the psychological barrier intact without breaking. Dogecoin slightly retreated after touching $0.1032. Billionaire Elon Musk hinted again in a tweet that he will join the U.S. Government Efficiency Committee, and his D.O.G.E abbreviation boosted meme coins. The Federal Reserve will release its September decision next week, pricing in a 25 basis points rate cut to support the bid for cryptos.