May 7, 2025

Bitcoin Surges Despite Market Turbulence: Powell’s Rate Cut Hints Fuel Optimism

1 min read

QCP Capital has released a comprehensive report shedding light on the current state of the cryptocurrency market. Notably, despite major moves like Germany’s sale of over 6,000 Bitcoins and looming threats from the Mt. Gox incident, Bitcoin has formed a double bottom and hasn’t dropped below the $54,000 mark. Federal Reserve Chairman Jerome Powell’s recent

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Source: CoinOtag

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