The absurd Manipulation is seen. It's better to liquidate the Longs whenever the prices of cryptocurrencies rise.
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Edgarpcell
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The FED cuts rates, but the crypto market reacts with fire: is this the prelude to the real bull run?
🚨 Breaking news — The Federal Reserve (FED) cut its interest rate by 0.25%, placing it between 3.75% and 4.00%, and also announced that it will stop the reduction of its balance sheet (QT) starting in December.
In other words: the faucet of global liquidity is opening again, but Powell's message was more cautious than euphoric.
During the conference, Jerome Powell made it clear that the FED will continue to 'rely on the data' and does not guarantee any immediate further cuts.
That phrase was enough for the markets to react with volatility: Bitcoin fell from 115 K to 109 K USDT, and altcoins followed the movement with losses of 4-8%.
In other words: the faucet of global liquidity is opening again, but Powell's message was more cautious than euphoric.
During the conference, Jerome Powell made it clear that the FED will continue to 'rely on the data' and does not guarantee any immediate further cuts.
That phrase was enough for the markets to react with volatility: Bitcoin fell from 115 K to 109 K USDT, and altcoins followed the movement with losses of 4-8%.
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