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News Impact on Crypto Market
News plays a crucial role in shaping the direction of Bitcoin's price and the entire cryptocurrency market.
News plays a crucial role in shaping the direction of Bitcoin's price and the entire cryptocurrency market.
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Investors closely follow FED announcements to make informed investment decisions. Any changes in interest rates can lead to market fluctuations.
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Powell's belief that raising interest rates is necessary to curb inflation suggests that the FED might raise rates during the upcoming announcement.
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Investors, especially short-term traders, should be cautious during this time. Selling before the market reacts to news and then repurchasing during market lows might be a suitable strategy.
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https://leofinance.io/@asgharali/fed-powell-speech-the-impact-of-fed-interest-rate-news-on-the-market