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Fed Rate CutCoinGape
•63% Informative
Bitcoin price trades just below the $ 60,000 psychological level today as financial markets anticipate the US Federal Reserve meeting involving decisions regarding interest rate cuts and the FOMC (Federal Open Market Committee) meeting today at 2:00 pm ET.
According to CME ’s FedWatch Tool , there is a 100% chance of a rate cut from the Fed chair Jerome Powell .
Whales have dumped $1.19 billion worth of BTC in the last 24 hours , especially ahead of the Fed rate cut decision.
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