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CoinGape

Breaking: Bank of England Cuts Interest Rate First Time in 4-Years, Bitcoin Recovery Soon?

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Summary
Nutrition label

70% Informative

Bitcoin and altcoins stage minor recovery from the day 's lows amid liquidity optimism.

BoE governor Andrew Bailey , however, said that they won't be cutting rates too-often going ahead.

This is a positive development for Bitcoin and the entire crypto industry as it sets the ball rolling for further liquidity easing, and the Fed to follow with a similar decision next month in September .

VR Score

56

Informative language

46

Neutral language

61

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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