Bitcoin Hits $65,000 Following Rate Cut Expectations 🚀
During his speech in Jackson Hole (Wyoming, USA), Fed Chair Jerome Powell stated that "the time has come for a rate cut." The pace of monetary policy easing will depend on economic indicators.
The next meeting is scheduled for September 18. Market participants are anticipating a 0.25% rate cut with a 67.5% probability, and a 0.5% cut with a 32.5% probability. 🧐
After Powell’s speech, Bitcoin experienced significant volatility. It first broke through the $62,000 level, then dropped nearly to $60,000, and subsequently made a remarkable leap to $65,000. The cryptocurrency has since corrected slightly and is currently trading around $64,000. 📈 #Bitcoin❗ #CryptoNewss
The Solana network has outpaced Ethereum in trading volumes for the first half of July!
▪️$SOL: $13 billion ▪️$ETH: $10.5 billion
It looks like the sh*tcoins on Solana are still kicking! 😁
Solana might just be the Energizer Bunny of the crypto world, out here saying, “I keep going and going and going...” while Ethereum is probably somewhere contemplating its next move. The sh*tcoin party on Solana shows no signs of stopping anytime soon! 🎉🚀 #CryptoMarketMoves #Solana_Blockchain #TrendingBinance