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🇺🇸 LATEST: Bank of America, Wells Fargo and Citigroup CEOs are set to meet with senators Thursday to discuss #crypto market legislation, per Bloomberg
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Probably, we have the last rate cut for the next at least 3 months. Today, they will cut the rate by 0.25. It will be 3.5-3.75%. We have 3 meetings left with Powell (he leaves on May 15). The next meeting is on June 17, with the new chair. Trump said that the new chair must definitely cut the rate immediately. he will likely pressure him to cut by 0.5% right away. Currently, Trump still has a minority in the Fed Board. Inflation target: 2%. Current inflation: 3% (+ no #data for October, November #data out on December 18). The difference between the rate and inflation remains very small: 0.5%-0.75%. Potentially, one more cut of 0.25% is possible in March/April, provided there is no inflation spike. #Bullish news would be any hint of QE and abandoning the 2% inflation target. #crypto
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JUST IN: Bitmine just bought 12,890 $ETH worth over $43 million. #cryptouniverseofficial
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JUST IN: 🇺🇸 White House economic adviser and possible Fed Chair Kevin Hassett says a 25 bps rate cut would be a small step in the right direction. #crypto
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JUST IN: Polymarket users currently #forecast a 97% probability of a 25 basis points rate reduction at today's FOMC meeting, with only a few hours remaining until the announcement. #crypto
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Symbol $BTC Price $BTC Market Cap $BTC Open Interest $218.9M Funding Rate 0.0135% 24h Volume $4.09B 24h Liquidation $12.69M Price Change(1h) 0.9400% Price Change(24h) 31.2700% RSI (1h/4h/1d) 62.04/73.16/79.63 Fear Greed Index 25/100 #Altcoin Season Index 33/100 #crypto
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