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Can US FOMC Hinder Bitcoin Price Rally To $100K?

CoinGape
Summary
Nutrition label

62% Informative

Bitcoin price was up 1.5% to $ 74,828 , after touching a ATH of $ 76,460.15 in the last 24 hours .

Bitcoin Futures Open Interest rose nearly 4% since yesterday , hinting at a bullish sentiment hovering in the market.

Despite short-term concerns, the market experts anticipates a robust rally for BTC in the coming days .

The market anticipates volatility following the US FOMC and Fed Chair Jerome Powell ’s speech.

VR Score

42

Informative language

29

Neutral language

58

Article tone

formal

Language

English

Language complexity

47

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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